The York Water Company (NASDAQ:YORW) Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. lessened its holdings in shares of The York Water Company (NASDAQ:YORW) by 8.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,134 shares of the utilities provider’s stock after selling 992 shares during the quarter. Orrstown Financial Services Inc.’s holdings in York Water were worth $351,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in shares of York Water during the 4th quarter worth $41,000. Aquatic Capital Management LLC raised its holdings in shares of York Water by 67.0% during the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 1,084 shares during the period. AlphaQuest LLC purchased a new position in shares of York Water during the 4th quarter worth $160,000. KLP Kapitalforvaltning AS purchased a new position in shares of York Water during the 4th quarter worth $211,000. Finally, SG Americas Securities LLC raised its holdings in shares of York Water by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after acquiring an additional 1,005 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a report on Friday.

York Water Stock Up 0.3%

NASDAQ YORW opened at $31.89 on Friday. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $33.75 and its 200-day simple moving average is $33.37. The firm has a market cap of $459.22 million, a PE ratio of 21.55 and a beta of 0.72.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. As a group, equities analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.2192 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.88 annualized dividend and a yield of 2.75%. York Water’s dividend payout ratio (DPR) is currently 63.50%.

York Water Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.