Odyssean LLC Buys 18,145 Shares of The York Water Company $YORW

Odyssean LLC grew its stake in shares of The York Water Company (NASDAQ:YORW) by 139.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,156 shares of the utilities provider’s stock after buying an additional 18,145 shares during the period. Odyssean LLC’s holdings in York Water were worth $955,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in YORW. Allworth Financial LP bought a new stake in shares of York Water in the 2nd quarter worth approximately $29,000. Advisory Services Network LLC bought a new position in York Water in the third quarter worth $31,000. Farther Finance Advisors LLC boosted its stake in York Water by 62.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after buying an additional 441 shares in the last quarter. Parallel Advisors LLC increased its holdings in York Water by 589.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after buying an additional 1,008 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of York Water by 86.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after buying an additional 656 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

YORW has been the subject of several recent research reports. Weiss Ratings raised shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 target price on York Water in a research report on Monday, August 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.00.

York Water Stock Performance

Shares of NASDAQ:YORW opened at $34.19 on Thursday. The business has a fifty day moving average of $31.50 and a 200-day moving average of $31.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05. The York Water Company has a twelve month low of $28.26 and a twelve month high of $34.81. The firm has a market cap of $554.90 million, a PE ratio of 21.24 and a beta of 0.60.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. York Water had a net margin of 28.53% and a return on equity of 9.38%. The company had revenue of $23.52 million for the quarter, compared to analyst estimates of $22.18 million.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 30th. York Water’s payout ratio is 56.52%.

Insider Buying and Selling at York Water

In other York Water news, CEO Joseph Thomas Hand sold 8,000 shares of York Water stock in a transaction on Friday, August 14th. The shares were sold at an average price of $33.28, for a total transaction of $266,240.00. Following the completion of the sale, the chief executive officer owned 35,308 shares of the company’s stock, valued at approximately $1,175,050.24. The trade was a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.