Harbor Investment Advisory LLC Sells 21,463 Shares of The York Water Company (NASDAQ:YORW)

Harbor Investment Advisory LLC trimmed its holdings in shares of The York Water Company (NASDAQ:YORW) by 59.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,537 shares of the utilities provider’s stock after selling 21,463 shares during the quarter. Harbor Investment Advisory LLC’s holdings in York Water were worth $476,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Zimmer Partners LP lifted its stake in York Water by 1.0% during the third quarter. Zimmer Partners LP now owns 709,867 shares of the utilities provider’s stock worth $26,592,000 after purchasing an additional 7,083 shares during the period. State Street Corp raised its holdings 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 buying an additional 40,746 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of York Water by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock worth $12,862,000 after buying an additional 3,082 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $4,370,000 after buying an additional 2,828 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock valued at $1,138,000 after buying an additional 13,339 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Stock Performance

York Water stock opened at $31.46 on Wednesday. The firm has a market capitalization of $452.08 million, a P/E ratio of 21.26 and a beta of 0.64. The stock has a fifty day moving average price of $33.74 and a two-hundred day moving average price of $36.58. The York Water Company has a 52-week low of $30.02 and a 52-week high of $41.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $19.72 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. As a group, analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from York Water’s previous quarterly dividend of $0.21. York Water’s dividend payout ratio is presently 59.46%.

York Water Company 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.