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

Orrstown Financial Services Inc. cut its position in The York Water Company (NASDAQ:YORW) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,126 shares of the utilities provider’s stock after selling 750 shares during the quarter. Orrstown Financial Services Inc.’s holdings in York Water were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of York Water by 17.9% in the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after buying an additional 1,005 shares in the last quarter. Johnson & White Wealth Management LLC bought a new stake in shares of York Water during the 4th quarter valued at about $828,000. Fulton Bank N.A. grew its holdings in shares of York Water by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 750 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of York Water by 78.3% in the third 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, Barclays PLC raised its stake in York Water by 297.0% in the third quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 16,736 shares in the last quarter. 49.86% of the stock is owned by institutional investors.

York Water Price Performance

York Water stock traded up $0.07 during mid-day trading on Wednesday, hitting $31.41. 3,131 shares of the company traded hands, compared to its average volume of 61,947. The stock has a fifty day moving average price of $33.23 and a 200-day moving average price of $36.32. The stock has a market cap of $451.36 million, a price-to-earnings ratio of 21.22 and a beta of 0.64. The York Water Company has a one year low of $29.86 and a one year 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.

York Water (NASDAQ:YORW) last announced its earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. York Water had a net margin of 28.57% and a return on equity of 9.44%. The company had revenue of $19.72 million during the quarter, compared to analyst estimates of $19.00 million. On average, equities analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.2192 dividend. This is an increase from York Water’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 2.79%. York Water’s payout ratio is presently 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.