California Public Employees Retirement System raised its position in The York Water Company (NASDAQ:YORW) by 49.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the utilities provider’s stock after buying an additional 11,600 shares during the period. California Public Employees Retirement System’s holdings in The York Water were worth $1,301,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of YORW. Parametric Portfolio Associates LLC increased its stake in shares of The York Water by 482.2% in the first quarter. Parametric Portfolio Associates LLC now owns 145,019 shares of the utilities provider’s stock worth $5,083,000 after buying an additional 120,112 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of The York Water by 17.8% in the first quarter. ProShare Advisors LLC now owns 184,330 shares of the utilities provider’s stock worth $6,461,000 after buying an additional 27,811 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of The York Water by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,397 shares of the utilities provider’s stock worth $13,538,000 after buying an additional 12,008 shares during the last quarter. Concert Wealth Management Inc. acquired a new stake in shares of The York Water during the first quarter worth $283,000. Finally, Stifel Financial Corp acquired a new stake in shares of The York Water during the first quarter worth $233,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Shares of The York Water Company (NASDAQ:YORW) opened at 34.20 on Tuesday. The stock’s 50 day moving average price is $35.77 and its 200 day moving average price is $35.18. The company has a market cap of $439.26 million, a P/E ratio of 36.81 and a beta of 0.57. The York Water Company has a 12-month low of $27.68 and a 12-month high of $39.86.

The York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The business had revenue of $12.30 million during the quarter, compared to analysts’ expectations of $12.21 million. During the same quarter last year, the business posted $0.23 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that The York Water Company will post $0.96 EPS for the current year.

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A number of equities research analysts have weighed in on YORW shares. Zacks Investment Research upgraded The York Water from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday, May 17th. BidaskClub downgraded The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

The York Water Company Profile

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

Institutional Ownership by Quarter for The York Water (NASDAQ:YORW)

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