Martingale Asset Management L P Purchases 670 Shares of The York Water Company (NASDAQ:YORW)

Martingale Asset Management L P raised its holdings in shares of The York Water Company (NASDAQ:YORW) by 3.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,785 shares of the utilities provider’s stock after buying an additional 670 shares during the period. Martingale Asset Management L P’s holdings in York Water were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp boosted its position in York Water by 9.4% during the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after purchasing an additional 40,746 shares during the last quarter. Barclays PLC boosted its holdings in shares of York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after buying an additional 16,736 shares during the last quarter. Johnson & White Wealth Management LLC bought a new position in shares of York Water in the fourth quarter valued at $828,000. JPMorgan Chase & Co. increased its holdings in York Water by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 13,339 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in York Water by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock worth $4,370,000 after acquiring an additional 2,828 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

Shares of YORW stock opened at $34.27 on Friday. The stock has a market cap of $493.11 million, a P/E ratio of 23.16 and a beta of 0.65. The company has a fifty day moving average price of $33.51 and a two-hundred day moving average price of $34.14. The York Water Company has a one year low of $29.86 and a one year high of $41.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68.

York Water (NASDAQ:YORW) last issued its earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $18.87 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. As a group, equities analysts predict that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The firm also recently announced 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 2.56%. The ex-dividend date is Friday, February 28th. York Water’s payout ratio is presently 61.27%.

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.