The York Water Company (NASDAQ:YORW) Short Interest Up 44.7% in December

The York Water Company (NASDAQ:YORWGet Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 177,000 shares, a growth of 44.7% from the December 15th total of 122,300 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is currently 3.3 days.

York Water Stock Performance

Shares of YORW stock opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The firm has a market cap of $443.31 million, a P/E ratio of 20.84 and a beta of 0.64. The firm’s 50 day moving average price is $34.33 and its 200-day moving average price is $36.77. York Water has a one year low of $30.02 and a one year high of $41.96.

York Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.2192 per share. This is a positive change 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 of this dividend was Tuesday, December 31st. York Water’s dividend payout ratio (DPR) is currently 59.46%.

Institutional Investors Weigh In On York Water

Several institutional investors and hedge funds have recently modified their holdings of YORW. Zimmer Partners LP grew its position in York Water by 1.0% in the 3rd quarter. Zimmer Partners LP now owns 709,867 shares of the utilities provider’s stock valued at $26,592,000 after acquiring an additional 7,083 shares in the last quarter. State Street Corp boosted its stake 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 during the period. Geode Capital Management LLC grew its holdings in shares of York Water by 0.9% in the third quarter. Geode Capital Management LLC now owns 343,279 shares of the utilities provider’s stock valued at $12,862,000 after purchasing an additional 3,082 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in York Water by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 116,666 shares of the utilities provider’s stock worth $4,370,000 after buying an additional 2,828 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in York Water by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 13,339 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

About York Water

(Get Free Report)

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.

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