GPS Wealth Strategies Group LLC Sells 723 Shares of The York Water Company (NASDAQ:YORW)

GPS Wealth Strategies Group LLC reduced its position in The York Water Company (NASDAQ:YORW) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,322 shares of the utilities provider’s stock after selling 723 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in York Water were worth $141,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in York Water by 9.4% during the third quarter. State Street Corp now owns 473,568 shares of the utilities provider’s stock valued at $17,835,000 after acquiring an additional 40,746 shares during the last quarter. Barclays PLC boosted its stake in shares of York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 16,736 shares in the last quarter. Johnson & White Wealth Management LLC bought a new position in shares of York Water during the 4th quarter valued at $828,000. JPMorgan Chase & Co. raised its position in York Water by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after purchasing an additional 13,339 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in York Water by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock worth $4,370,000 after purchasing an additional 2,828 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

York Water Stock Up 2.4 %

Shares of NASDAQ:YORW opened at $31.67 on Tuesday. The stock has a market capitalization of $455.10 million, a P/E ratio of 21.40 and a beta of 0.64. The stock’s 50-day moving average price is $32.85 and its 200-day moving average price is $36.06. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The York Water Company has a 12-month low of $29.86 and a 12-month high of $41.96.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. York Water had a return on equity of 9.44% and a net margin of 28.57%. The business had revenue of $19.72 million for the quarter, compared to analyst estimates of $19.00 million. On average, equities analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be issued a dividend of $0.2192 per share. The ex-dividend date is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.77%. York Water’s dividend payout ratio is currently 59.46%.

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.