Bank of New York Mellon Corp raised its position in shares of The York Water Co. (NASDAQ:YORW) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,414 shares of the company’s stock after buying an additional 5,965 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of The York Water worth $3,954,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Strs Ohio raised 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 worth $720,000 after buying an additional 1,300 shares in the last quarter. Creative Planning raised its stake in The York Water by 33.3% in the second quarter. Creative Planning now owns 8,000 shares of the company’s stock worth $256,000 after buying an additional 2,000 shares in the last quarter. Royal Bank of Canada raised its stake in The York Water by 73.3% in the first quarter. Royal Bank of Canada now owns 7,778 shares of the company’s stock worth $238,000 after buying an additional 3,290 shares in the last quarter. Geode Capital Management LLC raised its stake in The York Water by 3.1% in the first quarter. Geode Capital Management LLC now owns 107,539 shares of the company’s stock worth $3,282,000 after buying an additional 3,276 shares in the last quarter. Finally, State Street Corp raised its stake in The York Water by 3.0% in the first quarter. State Street Corp now owns 207,036 shares of the company’s stock worth $6,316,000 after buying an additional 6,018 shares in the last quarter. 30.96% of the stock is owned by institutional investors.
Shares of The York Water Co. (NASDAQ:YORW) traded down 0.46% during trading on Tuesday, hitting $30.18. The stock had a trading volume of 19,342 shares. The company has a market capitalization of $388.39 million, a price-to-earnings ratio of 31.31 and a beta of 0.57. The York Water Co. has a 1-year low of $20.93 and a 1-year high of $33.40. The firm has a 50 day moving average of $29.08 and a 200 day moving average of $29.73.
The York Water (NASDAQ:YORW) last released its earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS. Analysts expect that The York Water Co. will post $0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.1555 dividend. This represents a $0.62 annualized dividend and a yield of 2.06%. The ex-dividend date is Wednesday, September 28th. The York Water’s payout ratio is 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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