New York State Common Retirement Fund Has $537,000 Holdings in The York Water Company (YORW)
New York State Common Retirement Fund lifted its holdings in The York Water Company (NASDAQ:YORW) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,400 shares of the utilities provider’s stock after buying an additional 2,299 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of The York Water worth $537,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of The York Water in the 1st quarter worth approximately $156,000. Campbell & CO Investment Adviser LLC purchased a new position in The York Water in the second quarter valued at approximately $206,000. Aperio Group LLC lifted its stake in The York Water by 2.1% in the second quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock valued at $209,000 after purchasing an additional 123 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in The York Water by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 6,635 shares of the utilities provider’s stock valued at $231,000 after purchasing an additional 602 shares during the last quarter. Finally, American International Group Inc. lifted its stake in The York Water by 7.0% in the first quarter. American International Group Inc. now owns 7,913 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
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Separately, BidaskClub cut shares of The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
Shares of The York Water Company (NASDAQ YORW) opened at $34.00 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.76. The York Water Company has a 1-year low of $30.25 and a 1-year high of $39.86. The stock has a market cap of $437.24, a price-to-earnings ratio of 35.05 and a beta of 0.55.
The York Water (NASDAQ:YORW) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The York Water had a net margin of 25.75% and a return on equity of 10.75%. The business had revenue of $12.69 million for the quarter. equities research analysts forecast that The York Water Company will post 0.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.88%. The York Water’s payout ratio is 65.98%.
The York Water Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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