The York Water Company (NASDAQ:YORW) Short Interest Update

The York Water Company (NASDAQ:YORW) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 145,400 shares, a drop of 20.8% from the February 28th total of 183,700 shares. Based on an average trading volume of 71,600 shares, the short-interest ratio is presently 2.0 days. Currently, 1.0% of the company’s stock are sold short.

York Water Trading Up 0.1 %

NASDAQ YORW opened at $34.68 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. York Water has a 52 week low of $29.86 and a 52 week high of $41.96. The business has a 50 day moving average price of $32.84 and a 200-day moving average price of $34.43. The company has a market cap of $499.01 million, a price-to-earnings ratio of 23.43 and a beta of 0.61.

York Water (NASDAQ:YORW) last posted its quarterly 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). York Water had a net margin of 28.57% and a return on equity of 9.44%. The business had revenue of $18.87 million during the quarter, compared to analyst estimates of $19.00 million. As a group, equities analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

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 $0.2192 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. York Water’s dividend payout ratio is presently 61.27%.

Hedge Funds Weigh In On York Water

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of York Water by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock valued at $4,370,000 after purchasing an additional 2,828 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in York Water in the 3rd quarter valued at $341,000. FMR LLC lifted its stake in York Water by 79.9% during the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 3,229 shares in the last quarter. PDT Partners LLC boosted its holdings in York Water by 7.0% during the 3rd quarter. PDT Partners LLC now owns 10,136 shares of the utilities provider’s stock worth $380,000 after acquiring an additional 663 shares during the last quarter. Finally, State Street Corp grew its stake in shares of York Water by 9.4% in the 3rd quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock worth $17,835,000 after acquiring an additional 40,746 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.