GPS Wealth Strategies Group LLC Cuts Position in The York Water Company (NASDAQ:YORW)

GPS Wealth Strategies Group LLC trimmed its holdings in shares of The York Water Company (NASDAQ:YORW) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,322 shares of the utilities provider’s stock after selling 723 shares during the period. GPS Wealth Strategies Group LLC’s holdings in York Water were worth $141,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp raised its stake in York Water by 9.4% during the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after buying an additional 40,746 shares during the last quarter. Barclays PLC increased its holdings in shares of York Water by 297.0% during the third 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 in the last quarter. Johnson & White Wealth Management LLC purchased a new position in shares of York Water in the 4th quarter worth about $828,000. JPMorgan Chase & Co. boosted its stake in York Water by 78.3% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in York Water by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock valued at $4,370,000 after purchasing an additional 2,828 shares during the last quarter. 49.86% of the stock is owned by institutional investors.

York Water Stock Up 2.4 %

Shares of York Water stock opened at $31.67 on Tuesday. The company has a 50-day simple moving average of $32.85 and a two-hundred day simple moving average of $36.06. The York Water Company has a 52-week low of $29.86 and a 52-week high of $41.96. 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 stock has a market capitalization of $455.10 million, a PE ratio of 21.40 and a beta of 0.64.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $19.72 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. On average, analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be issued a $0.2192 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.88 annualized dividend and a yield of 2.77%. York Water’s payout ratio is 59.46%.

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.