11,801 Shares in The York Water Company (NASDAQ:YORW) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in The York Water Company (NASDAQ:YORW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,801 shares of the utilities provider’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PDT Partners LLC grew its holdings in shares of York Water by 7.0% in the third quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 663 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of York Water by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider’s stock worth $3,841,000 after buying an additional 739 shares during the last quarter. Fulton Bank N.A. raised its position in shares of York Water by 4.7% during the 4th quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock valued at $543,000 after buying an additional 750 shares during the period. SG Americas Securities LLC raised its position 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 valued at $216,000 after buying an additional 1,005 shares during the period. Finally, Rhumbline Advisers lifted its holdings in York Water by 6.4% in the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider’s stock valued at $843,000 after acquiring an additional 1,560 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Price Performance

NASDAQ:YORW opened at $34.68 on Tuesday. 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 stock’s fifty day moving average is $32.84 and its two-hundred day moving average is $34.43. The company has a market capitalization of $499.01 million, a P/E ratio of 23.43 and a beta of 0.61.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). York Water had a return on equity of 9.44% and a net margin of 28.57%. The company had revenue of $18.87 million for the quarter, compared to analyst estimates of $19.00 million. Equities analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be issued a dividend of $0.2192 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, February 28th. York Water’s dividend payout ratio is currently 61.27%.

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.