Proficio Capital Partners LLC Takes Position in The York Water Company (NASDAQ:YORW)

Proficio Capital Partners LLC purchased a new stake in The York Water Company (NASDAQ:YORW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 13,252 shares of the utilities provider’s stock, valued at approximately $434,000. Proficio Capital Partners LLC owned 0.09% of York Water at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in YORW. GSA Capital Partners LLP purchased a new position in shares of York Water during the 3rd quarter worth approximately $268,000. Charles Schwab Investment Management Inc. boosted its position in shares of York Water by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock worth $4,370,000 after purchasing an additional 2,828 shares during the period. D.A. Davidson & CO. purchased a new position in shares of York Water during the 3rd quarter worth approximately $341,000. FMR LLC boosted its position in shares of York Water by 79.9% during the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 3,229 shares during the period. Finally, PDT Partners LLC boosted its position in shares of York Water by 7.0% during the 3rd quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock worth $380,000 after purchasing an additional 663 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

NASDAQ:YORW opened at $35.00 on Tuesday. 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 York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96. The stock has a market capitalization of $503.09 million, a P/E ratio of 23.65 and a beta of 0.61. The company has a 50 day moving average price of $32.04 and a 200 day moving average price of $34.89.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The business had revenue of $18.87 million during the quarter, compared to analysts’ expectations of $19.00 million. Equities research analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, February 28th will be issued a $0.2192 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.51%. York Water’s payout ratio is 61.27%.

York Water Profile

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.