PDT Partners LLC Has $380,000 Stake in The York Water Company (NASDAQ:YORW)

PDT Partners LLC boosted its holdings in shares of The York Water Company (NASDAQ:YORW) by 7.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,136 shares of the utilities provider’s stock after buying an additional 663 shares during the quarter. PDT Partners LLC owned about 0.07% of York Water worth $380,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of YORW. CWM LLC increased its position in York Water by 37.5% during the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after buying an additional 474 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of York Water in the second quarter valued at about $102,000. Mather Group LLC. acquired a new stake in shares of York Water in the second quarter valued at about $106,000. SG Americas Securities LLC acquired a new stake in shares of York Water in the second quarter valued at about $123,000. Finally, Nisa Investment Advisors LLC grew its position in shares of York Water by 18,424.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 4,606 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised York Water from a “sell” rating to a “hold” rating in a research report on Friday, August 30th.

York Water Stock Down 1.7 %

YORW stock opened at $35.08 on Wednesday. The York Water Company has a twelve month low of $33.32 and a twelve month high of $41.96. The company has a market cap of $504.10 million, a PE ratio of 23.78 and a beta of 0.63. The business’s 50-day simple moving average is $36.42 and its 200 day simple moving average is $37.53. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

York Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.2192 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. York Water’s dividend payout ratio (DPR) is 56.76%.

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.