The York Water Company $YORW Shares Bought by Odyssean LLC

Odyssean LLC lifted its stake in shares of The York Water Company (NASDAQ:YORW) by 139.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,156 shares of the utilities provider’s stock after purchasing an additional 18,145 shares during the quarter. Odyssean LLC owned about 0.19% of York Water worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of York Water by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 937 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of York Water in the first quarter valued at $263,000. Jane Street Group LLC bought a new position in York Water during the first quarter valued at about $498,000. Arrowstreet Capital Limited Partnership grew its holdings in York Water by 36.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 63,823 shares of the utilities provider’s stock worth $2,017,000 after acquiring an additional 17,181 shares during the period. Finally, Quantinno Capital Management LP raised its position in York Water by 208.3% in the second quarter. Quantinno Capital Management LP now owns 18,862 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 12,743 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

Insider Activity at York Water

In other York Water news, CEO Joseph Thomas Hand sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the completion of the sale, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. This represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on YORW. Weiss Ratings raised shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price target on York Water in a report on Monday, August 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.00.

York Water Trading Down 0.3%

Shares of NASDAQ:YORW opened at $34.19 on Thursday. The firm has a fifty day moving average of $31.50 and a two-hundred day moving average of $31.07. The firm has a market capitalization of $554.90 million, a P/E ratio of 21.24 and a beta of 0.60. The York Water Company has a 12-month low of $28.26 and a 12-month high of $34.81. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. York Water had a return on equity of 9.38% and a net margin of 28.53%.The company had revenue of $23.52 million for the quarter, compared to analyst estimates of $22.18 million.

York Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 30th. York Water’s dividend payout ratio is 56.52%.

About York Water

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.