ProShare Advisors LLC Reduces Position in The York Water Company $YORW

ProShare Advisors LLC cut its holdings in shares of The York Water Company (NASDAQ:YORW) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,341 shares of the utilities provider’s stock after selling 21,621 shares during the quarter. ProShare Advisors LLC’s holdings in York Water were worth $5,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in York Water during the third quarter valued at about $31,000. Parallel Advisors LLC lifted its holdings in York Water by 589.5% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,008 shares during the last quarter. Farther Finance Advisors LLC lifted 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 last quarter. GAMMA Investing LLC lifted its holdings in York Water by 211.4% during the fourth quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 928 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in York Water by 86.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joseph Thomas Hand purchased 1,052 shares of the stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of $28.50 per share, with a total value of $29,982.00. Following the completion of the acquisition, the chief executive officer owned 41,332 shares in the company, valued at $1,177,962. This represents a 2.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought 1,556 shares of company stock valued at $44,590 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

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

York Water Trading Up 0.2%

Shares of York Water stock opened at $29.87 on Friday. The York Water Company has a 12-month low of $28.26 and a 12-month high of $34.30. The company has a market cap of $484.19 million, a price-to-earnings ratio of 20.32 and a beta of 0.60. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $30.27 and its 200-day moving average price is $31.83.

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

York Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. York Water’s dividend payout ratio is presently 61.90%.

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.