JPMorgan Chase & Co. Increases Stock Holdings in The York Water Company (NASDAQ:YORW)

JPMorgan Chase & Co. increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 78.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,368 shares of the utilities provider’s stock after buying an additional 13,339 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of York Water worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in shares of York Water by 69.2% during the 3rd quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 2,291 shares during the period. The Manufacturers Life Insurance Company acquired a new position in York Water during the second quarter worth approximately $238,000. GSA Capital Partners LLP purchased a new position in York Water during the third quarter worth approximately $268,000. FMR LLC boosted its holdings in shares of York Water by 79.9% in the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 3,229 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of York Water during the 2nd quarter valued at $339,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Trading Up 0.3 %

Shares of YORW opened at $30.20 on Friday. The York Water Company has a twelve month low of $29.86 and a twelve month high of $41.96. The firm has a market capitalization of $433.97 million, a P/E ratio of 20.41 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The stock’s fifty day simple moving average is $33.40 and its 200 day simple moving average is $36.45.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The company had revenue of $19.72 million for the quarter, compared to the consensus estimate of $19.00 million. On average, equities research analysts forecast that The York Water Company will post 1.43 earnings per share for the current year.

York Water Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.2192 per share. This is an increase from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.90%. The ex-dividend date was Tuesday, December 31st. York Water’s payout ratio is currently 59.46%.

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.