Commonwealth Equity Services LLC Has $250,000 Stock Holdings in The York Water Company (NASDAQ:YORW)

Commonwealth Equity Services LLC trimmed its position in The York Water Company (NASDAQ:YORW) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,735 shares of the utilities provider’s stock after selling 1,005 shares during the quarter. Commonwealth Equity Services LLC’s holdings in York Water were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in YORW. CWM LLC raised its position in shares of York Water by 37.5% during the 2nd quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 474 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in York Water by 17,525.0% in the fourth quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 701 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in York Water by 6.6% during the first quarter. BNP Paribas Financial Markets now owns 13,107 shares of the utilities provider’s stock worth $475,000 after buying an additional 810 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in York Water by 14.3% during the first quarter. Retirement Planning Co of New England Inc. now owns 9,961 shares of the utilities provider’s stock worth $361,000 after buying an additional 1,246 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in York Water during the fourth quarter worth about $101,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Down 0.4 %

Shares of York Water stock opened at $37.77 on Wednesday. The York Water Company has a 1 year low of $33.32 and a 1 year high of $41.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61. The company has a market capitalization of $541.81 million, a P/E ratio of 22.22 and a beta of 0.64. The business has a 50-day moving average of $39.12 and a two-hundred day moving average of $37.33.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.10). York Water had a return on equity of 10.32% and a net margin of 31.27%. The company had revenue of $18.75 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, equities analysts predict that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.2108 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, September 30th. York Water’s dividend payout ratio (DPR) is currently 49.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of York Water from a “sell” rating to a “hold” rating in a research report on Friday, August 30th.

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.