The York Water Company $YORW Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of The York Water Company (NASDAQ:YORW) by 55.8% in the third quarter, HoldingsChannel reports. The firm owned 34,383 shares of the utilities provider’s stock after selling 43,372 shares during the quarter. CenterBook Partners LP’s holdings in York Water were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in York Water by 290.7% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock worth $28,000 after buying an additional 686 shares during the last quarter. AlphaQuest LLC boosted its holdings in York Water by 700.0% in the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 1,078 shares during the last quarter. Tower Research Capital LLC TRC grew its position in York Water by 86.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 656 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of York Water in the 3rd quarter valued at about $66,000. Finally, CWM LLC boosted its stake in shares of York Water by 70.4% in the second quarter. CWM LLC now owns 2,593 shares of the utilities provider’s stock worth $82,000 after buying an additional 1,071 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Trading Down 0.4%

Shares of NASDAQ:YORW opened at $32.73 on Friday. The business’s 50 day moving average price is $32.89 and its 200-day moving average price is $31.90. The York Water Company has a 1 year low of $29.68 and a 1 year high of $36.48. The firm has a market capitalization of $472.62 million, a price-to-earnings ratio of 23.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 0.95.

York Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Friday, February 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, February 27th. York Water’s dividend payout ratio is 65.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on YORW shares. Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.