Commonwealth Equity Services LLC Has $250,000 Stake in The York Water Company (NASDAQ:YORW)

Commonwealth Equity Services LLC cut its holdings in shares of The York Water Company (NASDAQ:YORW) by 13.0% in the 2nd quarter, Holdings Channel reports. The firm owned 6,735 shares of the utilities provider’s stock after selling 1,005 shares during the period. Commonwealth Equity Services LLC’s holdings in York Water were worth $250,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of YORW. TFO Wealth Partners LLC boosted its holdings in shares of York Water by 17,525.0% during the 4th 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 boosted its position in 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 during the last quarter. Jones Financial Companies Lllp bought a new stake in York Water in the fourth quarter worth approximately $101,000. Mather Group LLC. acquired a new position in shares of York Water during the 2nd quarter valued at $106,000. Finally, SG Americas Securities LLC bought a new stake in York Water during the 2nd quarter valued at $123,000. Institutional investors and hedge funds own 49.86% of the company’s stock.

Wall Street Analyst Weigh In

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

York Water Stock Performance

NASDAQ YORW opened at $37.77 on Wednesday. The York Water Company has a 12-month low of $33.32 and a 12-month high of $41.96. The firm has a market cap of $541.81 million, a P/E ratio of 22.22 and a beta of 0.64. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $39.12 and its 200-day moving average is $37.33.

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

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.2108 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. York Water’s dividend payout ratio (DPR) is presently 49.41%.

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.