The York Water Company (NASDAQ:YORW) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in The York Water Company (NASDAQ:YORW) by 48.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,956 shares of the utilities provider’s stock after selling 2,740 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in York Water were worth $110,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC grew its stake in shares of York Water by 17,525.0% during the fourth quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 701 shares in the last quarter. CWM LLC grew its stake in shares of York Water by 37.5% during the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 474 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of York Water by 42.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,299 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 690 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of York Water during the fourth quarter valued at about $101,000. Finally, Mather Group LLC. acquired a new stake in shares of York Water during the second quarter valued at about $106,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Up 2.1 %

Shares of York Water stock opened at $38.92 on Wednesday. The business has a 50-day moving average of $38.99 and a 200-day moving average of $37.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61. The company has a market capitalization of $558.89 million, a PE ratio of 22.89 and a beta of 0.64. The York Water Company has a 1-year low of $33.32 and a 1-year high of $41.96.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.10). York Water had a return on equity of 10.32% and a net margin of 31.27%. The company had revenue of $18.75 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, equities analysts forecast that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.2108 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. York Water’s payout ratio is 49.41%.

Analyst Ratings Changes

Separately, StockNews.com upgraded York Water from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

York Water Company 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.