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

PDT Partners LLC raised its stake in shares of The York Water Company (NASDAQ:YORW) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,136 shares of the utilities provider’s stock after purchasing an additional 663 shares during the quarter. PDT Partners LLC’s holdings in York Water were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in York Water by 37.5% during the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 474 shares in the last quarter. SG Americas Securities LLC boosted its holdings in York Water by 69.2% during the third quarter. SG Americas Securities LLC now owns 5,600 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 2,291 shares in the last quarter. Quest Partners LLC acquired a new stake in York Water during the second quarter valued at approximately $102,000. Charles Schwab Investment Management Inc. boosted its holdings in York Water by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock valued at $4,370,000 after purchasing an additional 2,828 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in York Water during the second quarter valued at approximately $106,000. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Stock Down 1.7 %

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

York Water Increases Dividend

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

Analysts Set New Price Targets

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

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.