Swiss National Bank acquired a new stake in shares of The York Water Co. (NASDAQ:YORW) during the second quarter, Holdings Channel reports. The institutional investor acquired 17,700 shares of the company’s stock, valued at approximately $567,000. Swiss National Bank owned 0.14% of The York Water at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of 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. Strs Ohio boosted its position 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 during the period. Creative Planning boosted its position in The York Water by 33.3% in the second quarter. Creative Planning now owns 8,000 shares of the company’s stock valued at $256,000 after buying an additional 2,000 shares during the period. Royal Bank of Canada boosted its position 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 valued at $238,000 after buying an additional 3,290 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in The York Water during the first quarter valued at $287,000. 31.01% of the stock is currently owned by institutional investors and hedge funds.
The York Water Co. (NASDAQ:YORW) traded up 0.87% on Friday, hitting $29.10. 12,350 shares of the company traded hands. The firm has a market capitalization of $374.49 million, a PE ratio of 30.19 and a beta of 0.49. The York Water Co. has a 1-year low of $22.18 and a 1-year high of $33.40. The firm’s 50 day moving average price is $29.17 and its 200 day moving average price is $29.68.
The York Water (NASDAQ:YORW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business 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 revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Equities research analysts predict 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 given a $0.1555 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.62 annualized dividend and a yield of 2.16%. The York Water’s payout ratio is 63.92%.
Separately, Zacks Investment Research upgraded shares of The York Water from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.
About The York Water
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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