Sowell Financial Services LLC Takes Position in York Water Co (YORW)

Sowell Financial Services LLC acquired a new position in York Water Co (NASDAQ:YORW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,411 shares of the utilities provider’s stock, valued at approximately $225,000. Sowell Financial Services LLC owned approximately 0.06% of York Water as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cutler Group LP grew its stake in shares of York Water by 214.5% in the 3rd quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock worth $168,000 after buying an additional 3,747 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of York Water by 22.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock worth $323,000 after buying an additional 1,833 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of York Water in the 3rd quarter worth $378,000. Russell Investments Group Ltd. grew its stake in shares of York Water by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,935 shares of the utilities provider’s stock worth $454,000 after buying an additional 2,786 shares in the last quarter. Finally, Boenning & Scattergood Inc. grew its stake in shares of York Water by 19.8% in the 3rd quarter. Boenning & Scattergood Inc. now owns 18,172 shares of the utilities provider’s stock worth $552,000 after buying an additional 3,002 shares in the last quarter. 35.08% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. BidaskClub raised shares of York Water from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 22nd. ValuEngine raised shares of York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Boenning Scattergood reissued an “outperform” rating on shares of York Water in a research note on Thursday, October 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. York Water currently has an average rating of “Buy” and an average target price of $37.00.

Shares of NASDAQ:YORW opened at $33.27 on Monday. York Water Co has a 52 week low of $27.45 and a 52 week high of $39.00. The firm has a market capitalization of $428.30 million, a price-to-earnings ratio of 32.94 and a beta of 0.19. 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 (NASDAQ:YORW) last issued its quarterly earnings data on Friday, November 2nd. The utilities provider reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The business had revenue of $12.70 million during the quarter, compared to analysts’ expectations of $12.44 million. York Water had a net margin of 27.15% and a return on equity of 10.88%. As a group, research analysts expect that York Water Co will post 1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.173 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio (DPR) is 66.34%.

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York Water 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.

Further Reading: When is a capital gain realized?

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Institutional Ownership by Quarter for York Water (NASDAQ:YORW)

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