York Water Co (YORW) CEO Jeffrey R. Hines Purchases 500 Shares

York Water Co (NASDAQ:YORW) CEO Jeffrey R. Hines acquired 500 shares of York Water stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average price of $32.70 per share, for a total transaction of $16,350.00. Following the completion of the acquisition, the chief executive officer now owns 52,572 shares in the company, valued at approximately $1,719,104.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ:YORW traded up $0.38 on Friday, reaching $33.12. 24,207 shares of the company’s stock were exchanged, compared to its average volume of 13,120. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. The firm has a market capitalization of $423.39 million, a PE ratio of 32.79 and a beta of 0.20. York Water Co has a 52-week low of $27.45 and a 52-week high of $39.00.

York Water (NASDAQ:YORW) last issued its quarterly earnings results on Friday, November 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. The company had revenue of $12.70 million for the quarter, compared to analyst estimates of $12.44 million. York Water had a net margin of 27.15% and a return on equity of 10.88%. Analysts expect that York Water Co will post 1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.173 per share. 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. This represents a $0.69 dividend on an annualized basis and a yield of 2.09%. York Water’s dividend payout ratio is 66.34%.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of York Water from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 22nd. ValuEngine upgraded shares of York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Boenning Scattergood reiterated an “outperform” rating on shares of York Water in a research note on Thursday, October 11th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $37.00.

Large investors have recently modified their holdings of the business. Cutler Group LP increased its stake in York Water by 214.5% during the third quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 3,747 shares during the period. Sowell Financial Services LLC purchased a new stake in York Water during the third quarter worth about $225,000. MetLife Investment Advisors LLC increased its stake in York Water by 48.7% during the third quarter. MetLife Investment Advisors LLC now owns 9,953 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 3,258 shares during the period. Commonwealth Equity Services LLC increased its stake in York Water by 22.0% during the second quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 1,833 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in York Water during the third quarter worth about $378,000. Institutional investors own 35.09% of the company’s stock.

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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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