Geode Capital Management LLC Increases Stake in The York Water Company (NASDAQ:YORW)

Geode Capital Management LLC raised its holdings in shares of The York Water Company (NASDAQ:YORW) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,279 shares of the utilities provider’s stock after purchasing an additional 3,082 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of York Water worth $12,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after purchasing an additional 40,746 shares during the period. Barclays PLC raised its holdings in York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 16,736 shares during the period. Orrstown Financial Services Inc. purchased a new stake in shares of York Water during the third quarter worth $445,000. Susquehanna Fundamental Investments LLC bought a new position in shares of York Water in the second quarter worth $339,000. Finally, D.A. Davidson & CO. purchased a new position in shares of York Water in the third quarter valued at $341,000. Institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

NASDAQ:YORW opened at $33.13 on Tuesday. The York Water Company has a 52-week low of $32.70 and a 52-week high of $41.96. The business’s fifty day moving average is $35.38 and its 200 day moving average is $37.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The firm has a market cap of $476.21 million, a price-to-earnings ratio of 22.39 and a beta of 0.63.

York Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.2192 dividend. This is a positive change from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, December 31st. York Water’s dividend payout ratio (DPR) is 58.78%.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.