The York Water Company $YORW Shares Sold by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. trimmed its position in shares of The York Water Company (NASDAQ:YORW) by 36.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,462 shares of the utilities provider’s stock after selling 3,672 shares during the quarter. Orrstown Financial Services Inc.’s holdings in York Water were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of YORW. Nuveen LLC purchased a new position in shares of York Water during the 1st quarter worth $2,349,000. CenterBook Partners LP raised its position in York Water by 172.3% in the 1st quarter. CenterBook Partners LP now owns 58,365 shares of the utilities provider’s stock valued at $2,024,000 after purchasing an additional 36,932 shares in the last quarter. Invesco Ltd. lifted its stake in York Water by 36.8% during the first quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider’s stock worth $2,951,000 after purchasing an additional 22,866 shares during the last quarter. Vanguard Group Inc. lifted its stake in York Water by 2.4% during the first quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider’s stock worth $30,188,000 after purchasing an additional 20,385 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in York Water during the first quarter worth approximately $633,000. 49.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th.

York Water Stock Performance

NASDAQ YORW opened at $30.68 on Monday. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $38.83. The stock has a market cap of $442.41 million, a price-to-earnings ratio of 22.39 and a beta of 0.74. The business has a fifty day moving average of $30.89 and a 200-day moving average of $32.53. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93.

York Water (NASDAQ:YORW) last released its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. York Water had a return on equity of 8.50% and a net margin of 25.83%.The firm had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.00 million. As a group, analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.2192 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.9%. York Water’s dividend payout ratio is currently 64.23%.

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.