Credit Suisse AG reduced its position in shares of The York Water Company (NASDAQ:YORW) by 15.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,178 shares of the utilities provider’s stock after selling 2,861 shares during the period. Credit Suisse AG owned approximately 0.12% of The York Water worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YORW. First Manhattan Co. boosted its position in The York Water by 9.5% in the first quarter. First Manhattan Co. now owns 34,723 shares of the utilities provider’s stock worth $1,029,000 after buying an additional 3,000 shares in the last quarter. Strs Ohio boosted its position in The York Water by 3.7% in the first quarter. Strs Ohio now owns 19,800 shares of the utilities provider’s stock worth $693,000 after buying an additional 700 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in The York Water during the first quarter worth approximately $156,000. First Midwest Bank Trust Division boosted its position in The York Water by 8.6% in the first quarter. First Midwest Bank Trust Division now owns 9,778 shares of the utilities provider’s stock worth $343,000 after buying an additional 772 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in The York Water by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 100,534 shares of the utilities provider’s stock worth $3,523,000 after buying an additional 4,577 shares in the last quarter. Hedge funds and other institutional investors own 35.39% of the company’s stock.

The York Water Company (NASDAQ:YORW) traded up 0.91% on Thursday, reaching $33.20. The company had a trading volume of 6,449 shares. The stock has a 50 day moving average price of $34.19 and a 200 day moving average price of $34.86. The York Water Company has a 52-week low of $27.68 and a 52-week high of $39.86. The stock has a market capitalization of $426.52 million, a PE ratio of 35.70 and a beta of 0.57.

The York Water (NASDAQ:YORW) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $12.30 million during the quarter, compared to the consensus estimate of $12.21 million. The York Water had a net margin of 25.05% and a return on equity of 10.52%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. Analysts expect that The York Water Company will post $0.96 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, September 28th. The York Water’s dividend payout ratio is 68.82%.

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YORW has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded The York Water from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. BidaskClub cut The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

The York Water Company 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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Institutional Ownership by Quarter for The York Water (NASDAQ:YORW)

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