ProShare Advisors LLC Sells 20,143 Shares of The York Water Company $YORW

ProShare Advisors LLC lessened its holdings in shares of The York Water Company (NASDAQ:YORW) by 9.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,282 shares of the utilities provider’s stock after selling 20,143 shares during the quarter. ProShare Advisors LLC owned approximately 1.31% of York Water worth $5,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 worth $39,000 after purchasing an additional 1,078 shares in the last quarter. CWM LLC increased its position in shares of York Water by 70.4% during the second quarter. CWM LLC now owns 2,593 shares of the utilities provider’s stock valued at $82,000 after buying an additional 1,071 shares during the period. Signaturefd LLC raised its stake in York Water by 349.3% in the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock worth $125,000 after buying an additional 2,805 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in York Water in the first quarter worth about $239,000. Finally, Ballentine Partners LLC bought a new stake in York Water during the 2nd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of York Water in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, York Water currently has a consensus rating of “Hold”.

York Water Price Performance

Shares of NASDAQ:YORW opened at $32.11 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $463.51 million, a PE ratio of 23.44 and a beta of 0.74. The firm’s 50 day moving average price is $31.15 and its 200-day moving average price is $31.69. The York Water Company has a twelve month low of $29.68 and a twelve month high of $36.60.

York Water (NASDAQ:YORW) last released its earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. York Water had a net margin of 25.83% and a return on equity of 8.50%. The company had revenue of $20.36 million during the quarter, compared to analyst estimates of $21.00 million. Equities research analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.2192 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. York Water’s dividend payout ratio (DPR) is presently 62.59%.

About York Water

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.