Creative Planning grew its stake in York Water Co (NASDAQ:YORW) by 147.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,126 shares of the utilities provider’s stock after purchasing an additional 13,176 shares during the quarter. Creative Planning’s holdings in York Water were worth $709,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers increased its stake in York Water by 47.0% during the 4th quarter. Rhumbline Advisers now owns 16,998 shares of the utilities provider’s stock valued at $545,000 after purchasing an additional 5,432 shares in the last quarter. First Manhattan Co. increased its stake in York Water by 5.1% during the 4th quarter. First Manhattan Co. now owns 32,723 shares of the utilities provider’s stock valued at $1,049,000 after purchasing an additional 1,600 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in York Water by 192.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 83,646 shares of the utilities provider’s stock valued at $2,682,000 after purchasing an additional 54,997 shares in the last quarter. Boenning & Scattergood Inc. increased its stake in York Water by 7.2% during the 4th quarter. Boenning & Scattergood Inc. now owns 19,474 shares of the utilities provider’s stock valued at $624,000 after purchasing an additional 1,302 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in York Water by 12.3% during the 4th quarter. Fulton Bank N.A. now owns 27,293 shares of the utilities provider’s stock valued at $875,000 after purchasing an additional 3,000 shares in the last quarter. 35.45% of the stock is currently owned by institutional investors.
Shares of YORW stock opened at $34.14 on Thursday. The firm has a market cap of $438.62 million, a price-to-earnings ratio of 33.80 and a beta of 0.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. York Water Co has a 12 month low of $27.45 and a 12 month high of $36.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, February 28th will be issued a dividend of $0.1733 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.03%. This is an increase from York Water’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, February 27th. York Water’s payout ratio is currently 68.32%.
YORW has been the subject of a number of recent research reports. BidaskClub upgraded shares of York Water from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 23rd. Janney Montgomery Scott initiated coverage on shares of York Water in a research note on Friday, January 18th. They set a “buy” rating and a $35.00 price target for the company. Zacks Investment Research upgraded shares of York Water from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. Finally, ValuEngine upgraded shares of York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.00.
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York Water Company Profile
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
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