York Water (NASDAQ:YORW) Director Acquires 1,288 Shares of Stock

The York Water Company (NASDAQ:YORW) Director David Velazquez purchased 1,288 shares of York Water stock in a transaction that occurred on Tuesday, October 20th. The stock was bought at an average cost of $31.07 per share, for a total transaction of $40,018.16. Following the purchase, the director directly owned 1,288 shares in the company, valued at $40,018.16. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

York Water Trading Up 0.3%

YORW traded up $0.10 on Wednesday, reaching $30.84. 52,092 shares of the company traded hands, compared to its average volume of 142,150. The company has a market cap of $500.61 million, a P/E ratio of 19.16 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The York Water Company has a one year low of $28.26 and a one year high of $34.81. The firm has a fifty day simple moving average of $32.44 and a two-hundred day simple moving average of $31.11.

York Water (NASDAQ:YORW) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. The firm had revenue of $23.52 million during the quarter, compared to the consensus estimate of $22.18 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.

York Water Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2280 per share. This represents a $0.91 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, September 30th. York Water’s dividend payout ratio (DPR) is presently 56.52%.

Hedge Funds Weigh In On York Water

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YORW. Engineers Gate Manager LP grew its stake in York Water by 111.0% during the 2nd quarter. Engineers Gate Manager LP now owns 28,479 shares of the utilities provider’s stock valued at $873,000 after purchasing an additional 14,983 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of York Water in the second quarter worth about $46,000. Baird Financial Group Inc. raised its stake in shares of York Water by 98.8% in the second quarter. Baird Financial Group Inc. now owns 18,312 shares of the utilities provider’s stock worth $561,000 after purchasing an additional 9,100 shares during the last quarter. Allworth Financial LP raised its stake in shares of York Water by 325.6% in the second quarter. Allworth Financial LP now owns 949 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 726 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in shares of York Water by 9.5% during the second quarter. Penn Capital Management Company LLC now owns 97,796 shares of the utilities provider’s stock worth $2,997,000 after purchasing an additional 8,525 shares during the period. Hedge funds and other institutional investors own 49.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price target on York Water in a research report on Monday, August 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.00.

York Water Company Profile

The York Water Company (NASDAQ:YORW) is a regulated water utility that provides water and wastewater services to residential, commercial, and industrial customers in south-central Pennsylvania. Its operations include the collection, treatment, storage, and distribution of water, as well as wastewater collection and treatment services.

Founded in 1816, York Water is recognized as the oldest continuously operating investor-owned water utility in the United States. The company has expanded its service area over time through infrastructure development and acquisitions, while continuing to focus on maintaining and upgrading its water and wastewater systems.

York Water primarily serves communities in York, Adams, and surrounding counties in Pennsylvania.