SG Americas Securities LLC Buys 2,291 Shares of The York Water Company (NASDAQ:YORW)

SG Americas Securities LLC grew its stake in The York Water Company (NASDAQ:YORW) by 69.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,600 shares of the utilities provider’s stock after acquiring an additional 2,291 shares during the quarter. SG Americas Securities LLC’s holdings in York Water were worth $210,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its holdings in York Water by 37.5% in the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 474 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of York Water by 237.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 6,106 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 4,294 shares during the last quarter. Mather Group LLC. purchased a new position in shares of York Water in the second quarter worth $106,000. BNP Paribas Financial Markets raised its stake in shares of York Water by 6.6% in the first quarter. BNP Paribas Financial Markets now owns 13,107 shares of the utilities provider’s stock worth $475,000 after purchasing an additional 810 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of York Water by 14.4% in the first quarter. Russell Investments Group Ltd. now owns 122,388 shares of the utilities provider’s stock worth $4,439,000 after purchasing an additional 15,362 shares during the last quarter. 49.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

York Water Stock Down 0.6 %

YORW stock opened at $37.21 on Wednesday. The stock has a market capitalization of $534.34 million, a P/E ratio of 23.26 and a beta of 0.63. 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 York Water Company has a 1-year low of $33.32 and a 1-year high of $41.96. The business has a fifty day moving average price of $37.90 and a 200-day moving average price of $37.50.

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

York Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.2108 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Monday, September 30th. York Water’s dividend payout ratio (DPR) is presently 52.50%.

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.