Renaissance Technologies LLC Has $5 Million Position in The York Water Company (NASDAQ:YORW)

Renaissance Technologies LLC lessened its holdings in shares of The York Water Company (NASDAQ:YORW) by 6.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 134,836 shares of the utilities provider’s stock after selling 10,000 shares during the period. Renaissance Technologies LLC owned approximately 0.94% of York Water worth $5,001,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC increased its holdings in York Water by 17,525.0% in the 4th quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after buying an additional 701 shares during the period. CWM LLC lifted its holdings in York Water by 37.5% during the 2nd quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after buying an additional 474 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of York Water during the 4th quarter worth approximately $101,000. Quest Partners LLC bought a new position in shares of York Water in the 2nd quarter worth $102,000. Finally, Mather Group LLC. acquired a new position in shares of York Water during the 2nd quarter worth about $106,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Trading Up 1.0 %

Shares of YORW stock opened at $37.52 on Friday. The York Water Company has a 12-month low of $33.32 and a 12-month high of $41.96. The firm has a 50 day moving average price of $38.92 and a two-hundred day moving average price of $37.34. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $538.79 million, a PE ratio of 22.07 and a beta of 0.64.

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

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.2108 per share. The ex-dividend date is Monday, September 30th. This represents a $0.84 annualized dividend and a yield of 2.25%. York Water’s dividend payout ratio is 49.41%.

Wall Street Analysts Forecast Growth

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

York Water Company 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.