JPMorgan Chase & Co. Raises Position in The York Water Company (NASDAQ:YORW)

JPMorgan Chase & Co. increased its stake in The York Water Company (NASDAQ:YORW) by 78.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,368 shares of the utilities provider’s stock after buying an additional 13,339 shares during the quarter. JPMorgan Chase & Co.’s holdings in York Water were worth $1,138,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of YORW. State Street Corp grew its position in York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after acquiring an additional 40,746 shares in the last quarter. Barclays PLC boosted its stake in shares of York Water by 297.0% in the third quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 16,736 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in York Water by 2.5% during the 3rd 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. Geode Capital Management LLC grew its holdings in York Water by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock valued at $12,862,000 after purchasing an additional 3,082 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in York Water during the 2nd quarter worth $339,000. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Stock Performance

NASDAQ:YORW opened at $30.20 on Friday. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96. The stock has a market cap of $433.97 million, a P/E ratio of 20.41 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The firm has a 50-day moving average of $33.40 and a two-hundred day moving average of $36.45.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The firm had revenue of $19.72 million during the quarter, compared to analyst estimates of $19.00 million. On average, research analysts expect that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.2192 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.90%. York Water’s dividend payout ratio is currently 59.46%.

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.