Charles Schwab Investment Management Inc. Buys 2,828 Shares of The York Water Company (NASDAQ:YORW)

Charles Schwab Investment Management Inc. boosted its holdings in The York Water Company (NASDAQ:YORW) by 2.5% during the third quarter, Holdings Channel reports. The fund owned 116,666 shares of the utilities provider’s stock after purchasing an additional 2,828 shares during the period. Charles Schwab Investment Management Inc.’s holdings in York Water were worth $4,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. CWM LLC boosted its stake in York Water by 37.5% in the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after buying an additional 474 shares in the last quarter. Quest Partners LLC acquired a new position in shares of York Water during the second quarter worth approximately $102,000. SG Americas Securities LLC bought a new stake in York Water during the second quarter worth $123,000. Nisa Investment Advisors LLC grew its holdings in York Water by 18,424.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock worth $173,000 after buying an additional 4,606 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in York Water during the second quarter worth $238,000. Institutional investors own 49.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

York Water Stock Performance

Shares of YORW opened at $34.82 on Friday. The stock’s 50-day simple moving average is $36.00 and its 200 day simple moving average is $37.37. The stock has a market capitalization of $500.36 million, a price-to-earnings ratio of 23.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The York Water Company has a 52-week low of $33.32 and a 52-week high of $41.96.

York Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.2192 per share. This is a boost from York Water’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.52%. York Water’s dividend payout ratio is 56.76%.

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.