Northwestern Mutual Wealth Management Co. decreased its holdings in shares of The York Water Company (NASDAQ:YORW – Get Rating) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,073 shares of the utilities provider’s stock after selling 551 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in York Water were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of YORW. Victory Capital Management Inc. grew its position in shares of York Water by 16.8% during the 4th quarter. Victory Capital Management Inc. now owns 169,526 shares of the utilities provider’s stock valued at $8,439,000 after acquiring an additional 24,355 shares during the period. Summit Global Investments purchased a new position in shares of York Water during the 4th quarter valued at $687,000. Russell Investments Group Ltd. lifted its stake in shares of York Water by 233.5% during the 1st quarter. Russell Investments Group Ltd. now owns 19,267 shares of the utilities provider’s stock valued at $864,000 after buying an additional 13,489 shares in the last quarter. KBC Group NV lifted its stake in shares of York Water by 9.8% during the 1st quarter. KBC Group NV now owns 99,965 shares of the utilities provider’s stock valued at $4,495,000 after buying an additional 8,917 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of York Water during the 1st quarter valued at $300,000. Institutional investors own 37.08% of the company’s stock.
York Water Stock Up 1.5 %
YORW opened at $44.69 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.59 and a current ratio of 0.69. The York Water Company has a fifty-two week low of $37.52 and a fifty-two week high of $53.77. The firm’s fifty day moving average is $42.08 and its 200 day moving average is $42.08. The stock has a market cap of $637.59 million, a price-to-earnings ratio of 33.86 and a beta of 0.47.
York Water Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.1949 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, September 29th. York Water’s dividend payout ratio (DPR) is 59.09%.
About York Water
The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; five 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 nine groundwater wells that supply water to customers in the Adams County.
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