Dimensional Fund Advisors LP boosted its position in The York Water Company (NASDAQ:YORW) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,724 shares of the utilities provider’s stock after buying an additional 15,235 shares during the period. Dimensional Fund Advisors LP owned approximately 3.03% of The York Water worth $13,582,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in The York Water by 17.0% in the second quarter. Vanguard Group Inc. now owns 730,831 shares of the utilities provider’s stock valued at $25,469,000 after buying an additional 106,392 shares during the period. Northern Trust Corp lifted its holdings in The York Water by 2.7% in the second quarter. Northern Trust Corp now owns 172,958 shares of the utilities provider’s stock valued at $6,028,000 after buying an additional 4,616 shares during the period. Renaissance Technologies LLC lifted its holdings in The York Water by 5.6% in the first quarter. Renaissance Technologies LLC now owns 158,000 shares of the utilities provider’s stock valued at $5,538,000 after buying an additional 8,400 shares during the period. Geode Capital Management LLC lifted its holdings in The York Water by 2.5% in the first quarter. Geode Capital Management LLC now owns 121,557 shares of the utilities provider’s stock valued at $4,260,000 after buying an additional 2,916 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in The York Water by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 105,838 shares of the utilities provider’s stock valued at $3,689,000 after buying an additional 5,304 shares during the period. Institutional investors and hedge funds own 35.32% of the company’s stock.
Separately, BidaskClub lowered shares of The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
COPYRIGHT VIOLATION NOTICE: “The York Water Company (YORW) Position Boosted by Dimensional Fund Advisors LP” was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.truebluetribune.com/2017/11/14/the-york-water-company-yorw-position-boosted-by-dimensional-fund-advisors-lp.html.
The York Water Company (NASDAQ YORW) opened at $34.25 on Tuesday. The stock has a market cap of $437.25, a price-to-earnings ratio of 35.05 and a beta of 0.55. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The York Water Company has a fifty-two week low of $30.25 and a fifty-two week high of $39.86.
The York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $12.69 million during the quarter. equities analysts expect that The York Water Company will post 0.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, September 28th. The York Water’s dividend payout ratio (DPR) is currently 65.98%.
About The York Water
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.
Receive News & Ratings for The York Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The York Water Company and related companies with MarketBeat.com's FREE daily email newsletter.