Orrstown Financial Services Inc. Decreases Stock Holdings in The York Water Company (NASDAQ:YORW)

Orrstown Financial Services Inc. lessened its holdings in The York Water Company (NASDAQ:YORW) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,126 shares of the utilities provider’s stock after selling 750 shares during the quarter. Orrstown Financial Services Inc. owned 0.08% of York Water worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted 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 during the last quarter. Johnson & White Wealth Management LLC purchased a new position in York Water in the fourth quarter valued at about $828,000. Barclays PLC grew its position in shares of York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 16,736 shares during the period. JPMorgan Chase & Co. increased its stake in shares of York Water by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after purchasing an additional 13,339 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of York Water in the 2nd quarter worth approximately $339,000. Institutional investors own 49.86% of the company’s stock.

York Water Stock Performance

NASDAQ YORW traded up $0.07 on Wednesday, hitting $31.41. 3,131 shares of the stock traded hands, compared to its average volume of 61,947. The firm has a market capitalization of $451.36 million, a price-to-earnings ratio of 21.22 and a beta of 0.64. The business’s fifty day moving average is $33.23 and its two-hundred day moving average is $36.32. 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 12 month low of $29.86 and a 12 month high of $41.96.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $19.72 million during 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%. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.2192 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 annualized dividend and a dividend yield of 2.79%. This is a positive change from York Water’s previous quarterly dividend of $0.21. York Water’s payout ratio is 59.46%.

York Water 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.