Collective Family Office LLC Reduces Stock Holdings in The York Water Company (NASDAQ:YORW)

Collective Family Office LLC cut its holdings in The York Water Company (NASDAQ:YORW) by 5.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,493 shares of the utilities provider’s stock after selling 629 shares during the quarter. Collective Family Office LLC’s holdings in York Water were worth $343,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of York Water by 9.4% in the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after purchasing an additional 40,746 shares in the last quarter. Barclays PLC raised its position in shares of York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock worth $838,000 after purchasing an additional 16,736 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock valued at $1,138,000 after buying an additional 13,339 shares in the last quarter. Orrstown Financial Services Inc. acquired a new stake in York Water during the 3rd quarter valued at $445,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in York Water during the second quarter worth $339,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Price Performance

Shares of NASDAQ:YORW traded down $0.38 on Wednesday, hitting $30.90. The company had a trading volume of 12,447 shares, compared to its average volume of 51,695. The company has a market cap of $444.16 million, a PE ratio of 20.88 and a beta of 0.64. The business has a 50 day moving average of $34.81 and a 200 day moving average of $37.00. The York Water Company has a 52-week low of $30.76 and a 52-week high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87.

York Water Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.2192 per share. This is a boost from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Tuesday, December 31st. York Water’s dividend payout ratio (DPR) is currently 58.78%.

York Water Company Profile

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.