The York Water Company (NASDAQ:YORW) Shares Sold by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. trimmed its position in The York Water Company (NASDAQ:YORW) by 12.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,249 shares of the utilities provider’s stock after selling 1,313 shares during the period. Retirement Planning Co of New England Inc. owned 0.06% of York Water worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in shares of York Water in the 4th quarter valued at $160,000. SG Americas Securities LLC grew its position in York Water by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 1,005 shares during the period. GSA Capital Partners LLP acquired a new stake in York Water during the 3rd quarter worth about $268,000. FMR LLC grew its position in York Water by 79.9% during the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 3,229 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in York Water during the 3rd quarter worth about $341,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Price Performance

Shares of YORW opened at $34.47 on Tuesday. The business’s 50-day moving average is $32.25 and its two-hundred day moving average is $34.75. The company has a market capitalization of $495.99 million, a P/E ratio of 23.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $41.96.

York Water (NASDAQ:YORW) last announced its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $18.87 million for the quarter, compared to analyst estimates of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. Research analysts predict that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be given a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Friday, February 28th. York Water’s dividend payout ratio is currently 61.27%.

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.