State Board of Administration of Florida Retirement System maintained its stake in The York Water Co. (NASDAQ:YORW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,499 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.12% of The York Water worth $497,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in The York Water by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 123,414 shares of the company’s stock valued at $3,954,000 after buying an additional 5,965 shares in the last quarter. KBC Group NV increased its stake in The York Water by 102.4% in the second quarter. KBC Group NV now owns 54,441 shares of the company’s stock valued at $1,744,000 after buying an additional 27,543 shares in the last quarter. California Public Employees Retirement System increased its stake in The York Water by 22.9% in the second quarter. California Public Employees Retirement System now owns 25,200 shares of the company’s stock valued at $807,000 after buying an additional 4,700 shares in the last quarter. Strs Ohio increased its stake in The York Water by 6.1% in the second quarter. Strs Ohio now owns 22,500 shares of the company’s stock valued at $720,000 after buying an additional 1,300 shares in the last quarter. Finally, Swiss National Bank purchased a new stake in The York Water during the second quarter valued at about $567,000. Institutional investors own 30.96% of the company’s stock.
The York Water Co. (NASDAQ:YORW) traded down 1.07% on Friday, reaching $28.70. The company had a trading volume of 15,436 shares. The firm has a 50-day moving average of $29.17 and a 200-day moving average of $29.70. The stock has a market capitalization of $369.34 million, a P/E ratio of 29.77 and a beta of 0.49. The York Water Co. has a 12 month low of $22.18 and a 12 month high of $33.40.
The York Water (NASDAQ:YORW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The firm had revenue of $11.80 million for the quarter, compared to analysts’ expectations of $12.08 million. The York Water had a return on equity of 11.29% and a net margin of 26.27%. The York Water’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, equities research analysts expect that The York Water Co. will post $0.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.1555 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, September 28th. The York Water’s dividend payout ratio (DPR) is presently 63.92%.
Separately, Zacks Investment Research downgraded The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th.
The York Water Company Profile
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.
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