Teton Advisors LLC Acquires New Shares in The York Water Company $YORW

Teton Advisors LLC acquired a new position in The York Water Company (NASDAQ:YORW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,160 shares of the utilities provider’s stock, valued at approximately $1,100,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in YORW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of York Water by 8.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 937 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of York Water during the 1st quarter worth about $263,000. Jane Street Group LLC acquired a new stake in shares of York Water during the 1st quarter worth about $498,000. AlphaQuest LLC raised its holdings in York Water by 700.0% in the 2nd quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after buying an additional 1,078 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in York Water by 55.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 14,868 shares of the utilities provider’s stock valued at $470,000 after buying an additional 5,334 shares during the period. Institutional investors and hedge funds own 49.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on YORW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

York Water Trading Up 0.3%

YORW opened at $32.70 on Friday. The York Water Company has a 52 week low of $29.68 and a 52 week high of $36.48. The company has a quick ratio of 0.95, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $32.84 and a 200-day simple moving average of $32.05. The firm has a market cap of $472.52 million, a P/E ratio of 23.53 and a beta of 0.73.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, March 3rd. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. York Water had a return on equity of 8.49% and a net margin of 25.89%.The firm had revenue of $19.47 million for the quarter, compared to the consensus estimate of $20.00 million. On average, equities analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be given a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, February 27th. York Water’s payout ratio is currently 65.47%.

About York Water

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.