John G Ullman & Associates Inc. Acquires New Stake in The York Water Company $YORW

John G Ullman & Associates Inc. acquired a new stake in shares of The York Water Company (NASDAQ:YORW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,050 shares of the utilities provider’s stock, valued at approximately $1,180,000. John G Ullman & Associates Inc. owned about 0.26% of York Water as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in York Water by 4.0% during the second quarter. Ameriprise Financial Inc. now owns 8,572 shares of the utilities provider’s stock valued at $271,000 after purchasing an additional 327 shares during the period. Farther Finance Advisors LLC grew its holdings in York Water by 62.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 441 shares during the period. CWM LLC boosted its stake in shares of York Water by 9.0% in the fourth quarter. CWM LLC now owns 7,816 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 647 shares during the period. Tower Research Capital LLC TRC boosted 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 acquiring an additional 656 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of York Water by 290.7% in 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 period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Trading Down 0.8%

Shares of YORW stock opened at $29.08 on Friday. The York Water Company has a 1 year low of $28.26 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $30.53 and its two-hundred day simple moving average is $31.90. The company has a market cap of $471.39 million, a PE ratio of 19.78 and a beta of 0.60.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. York Water had a return on equity of 8.89% and a net margin of 26.84%.The business had revenue of $20.07 million for the quarter, compared to the consensus estimate of $20.29 million.

York Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.228 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.91 dividend on an annualized basis and a yield of 3.1%. York Water’s dividend payout ratio is 61.90%.

Insider Transactions at York Water

In related news, CEO Joseph Thomas Hand acquired 1,052 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of $28.50 per share, for a total transaction of $29,982.00. Following the completion of the transaction, the chief executive officer directly owned 41,332 shares in the company, valued at approximately $1,177,962. This trade represents a 2.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 1,556 shares of company stock worth $44,590 in the last quarter. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

York Water 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.