Teton Advisors LLC Acquires New Stake in The York Water Company $YORW

Teton Advisors LLC acquired a new stake in The York Water Company (NASDAQ:YORW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 36,160 shares of the utilities provider’s stock, valued at approximately $1,100,000. Teton Advisors LLC owned approximately 0.25% of York Water as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in shares of York Water by 4.0% in the second quarter. Ameriprise Financial Inc. now owns 8,572 shares of the utilities provider’s stock valued at $271,000 after buying an additional 327 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of York Water by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after buying an additional 656 shares in the last quarter. Versant Capital Management Inc boosted its position in York Water by 290.7% during the third quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 686 shares during the last quarter. Merit Financial Group LLC boosted its position in York Water by 6.0% during the third quarter. Merit Financial Group LLC now owns 13,218 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 754 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in York Water by 8.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 937 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

Wall Street Analysts Forecast Growth

YORW has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

York Water Stock Up 0.3%

Shares of YORW opened at $32.70 on Friday. The York Water Company has a 52-week low of $29.68 and a 52-week high of $36.48. The company has a quick ratio of 0.95, a current ratio of 0.67 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $32.84 and a two-hundred day simple moving average of $32.05. The company has a market capitalization of $472.52 million, a PE ratio of 23.53 and a beta of 0.73.

York Water (NASDAQ:YORW) last announced its quarterly earnings results on Tuesday, March 3rd. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. York Water had a net margin of 25.89% and a return on equity of 8.49%. The firm had revenue of $19.47 million for the quarter, compared to analysts’ expectations of $20.00 million. As a group, equities analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, February 27th. York Water’s payout ratio is presently 65.47%.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.