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) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew 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. Johnson & White Wealth Management LLC purchased a new position in York Water in the 4th quarter valued at about $828,000. Barclays PLC lifted its stake in York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after buying an additional 16,736 shares in the last quarter. JPMorgan Chase & Co. increased its stake in York Water by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 13,339 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 buying an additional 2,828 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

NASDAQ YORW opened at $33.42 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $32.56 and its 200-day simple moving average is $34.58. The company has a market cap of $480.88 million, a PE ratio of 22.58 and a beta of 0.61. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). York Water had a net margin of 28.57% and a return on equity of 9.44%. The firm had revenue of $18.87 million during the quarter, compared to analysts’ expectations of $19.00 million. As a group, equities research analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be given a dividend of $0.2192 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. York Water’s payout ratio is presently 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.