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.
COPYRIGHT VIOLATION WARNING: “York Water Co (YORW) CEO Jeffrey R. Hines Purchases 500 Shares” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/12/01/york-water-co-yorw-ceo-jeffrey-r-hines-purchases-500-shares.html.
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.
Read More: How is the discount rate different from the Federal Funds rate?
Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.