Gradient Investments LLC purchased a new stake in York Water Co (NASDAQ:YORW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,806 shares of the utilities provider’s stock, valued at approximately $163,000.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of York Water by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock valued at $13,695,000 after buying an additional 14,254 shares in the last quarter. State Street Corp increased its position in shares of York Water by 0.3% in the second quarter. State Street Corp now owns 245,511 shares of the utilities provider’s stock valued at $8,553,000 after buying an additional 638 shares in the last quarter. Northern Trust Corp increased its position in shares of 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 in the last quarter. Finally, First Trust Advisors LP increased its position in shares of York Water by 3.8% in the third quarter. First Trust Advisors LP now owns 92,586 shares of the utilities provider’s stock valued at $3,139,000 after buying an additional 3,427 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

A number of brokerages have recently weighed in on YORW. BidaskClub upgraded York Water from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded York Water from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Saturday, January 6th.

Shares of York Water Co (NASDAQ YORW) opened at $30.00 on Wednesday. The company has a market capitalization of $390.96, a PE ratio of 30.93 and a beta of 0.43. York Water Co has a 52-week low of $28.24 and a 52-week high of $39.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.77 and a current ratio of 0.85.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, February 28th will be given a dividend of $0.167 per share. This represents a $0.67 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a boost from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio (DPR) is currently 69.07%.

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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.

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

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