Financial Counselors Inc. lowered its holdings in The York Water Company (NASDAQ:YORW) by 35.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,891 shares of the utilities provider’s stock after selling 5,491 shares during the quarter. Financial Counselors Inc. owned 0.08% of The York Water worth $335,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of The York Water by 23.4% in the 1st quarter. Vanguard Group Inc. now owns 624,439 shares of the utilities provider’s stock valued at $21,887,000 after buying an additional 118,367 shares during the period. First Trust Advisors LP purchased a new stake in shares of The York Water in the 2nd quarter valued at $3,107,000. Dimensional Fund Advisors LP raised its holdings in shares of The York Water by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 374,489 shares of the utilities provider’s stock valued at $13,126,000 after buying an additional 20,092 shares during the period. Royal Bank of Canada raised its holdings in shares of The York Water by 299.8% in the 2nd quarter. Royal Bank of Canada now owns 23,170 shares of the utilities provider’s stock valued at $808,000 after buying an additional 17,375 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of The York Water in the 2nd quarter valued at $528,000. Institutional investors own 34.70% of the company’s stock.
Separately, Zacks Investment Research upgraded The York Water from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, November 17th.
Shares of The York Water Company (YORW) opened at $34.85 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.76. The York Water Company has a 1-year low of $31.70 and a 1-year high of $39.86. The firm has a market capitalization of $448.83, a PE ratio of 35.98 and a beta of 0.56.
The York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The company had revenue of $12.69 million for the quarter. The York Water had a return on equity of 10.75% and a net margin of 25.75%. equities analysts expect that The York Water Company will post 0.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.1666 per share. This is a boost from The York Water’s previous quarterly dividend of $0.16. This represents a $0.67 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, December 28th. The York Water’s dividend payout ratio is currently 65.98%.
The York Water Company Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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