Goldman Sachs Group Inc. cut its stake in The York Water Company (NASDAQ:YORW) by 15.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,700 shares of the utilities provider’s stock after selling 2,455 shares during the period. Goldman Sachs Group Inc. owned 0.11% of The York Water worth $464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of The York Water by 2.7% during the fourth quarter. BlackRock Inc. now owns 700,758 shares of the utilities provider’s stock valued at $23,755,000 after purchasing an additional 18,243 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of The York Water by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 14,254 shares in the last quarter. First Trust Advisors LP increased its stake in shares of The York Water by 10.0% during the fourth quarter. First Trust Advisors LP now owns 101,833 shares of the utilities provider’s stock valued at $3,452,000 after purchasing an additional 9,247 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of The York Water by 5.9% during the fourth quarter. Guggenheim Capital LLC now owns 53,856 shares of the utilities provider’s stock valued at $1,827,000 after purchasing an additional 3,017 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of The York Water by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 39,196 shares of the utilities provider’s stock valued at $1,328,000 after purchasing an additional 5,128 shares in the last quarter. Institutional investors and hedge funds own 34.23% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of The York Water from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. Hilliard Lyons raised shares of The York Water from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 8th. Finally, Zacks Investment Research raised shares of The York Water from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Saturday, January 6th.

Shares of NASDAQ YORW opened at $32.45 on Friday. The York Water Company has a fifty-two week low of $27.45 and a fifty-two week high of $39.86. The company has a market cap of $414.11, a price-to-earnings ratio of 32.13 and a beta of 0.45. The company has a quick ratio of 0.84, a current ratio of 0.94 and a debt-to-equity ratio of 0.75.

The York Water (NASDAQ:YORW) last announced its earnings results on Tuesday, March 6th. The utilities provider reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The York Water had a net margin of 26.70% and a return on equity of 11.13%. The business had revenue of $12.35 million during the quarter. sell-side analysts anticipate that The York Water Company will post 1 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Wednesday, February 28th were given a dividend of $0.167 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.67 annualized dividend and a dividend yield of 2.06%. This is an increase from The York Water’s previous quarterly dividend of $0.17. The York Water’s dividend payout ratio (DPR) is 66.34%.

The York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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

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