The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines bought 517 shares of The York Water stock in a transaction dated Friday, October 14th. The shares were acquired at an average cost of $29.42 per share, with a total value of $15,210.14. Following the completion of the purchase, the chief executive officer now owns 48,129 shares in the company, valued at $1,415,955.18. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of The York Water Co. (NASDAQ:YORW) opened at 30.85 on Wednesday. The York Water Co. has a 12 month low of $22.18 and a 12 month high of $33.40. The company’s 50 day moving average price is $29.26 and its 200 day moving average price is $29.66. The stock has a market capitalization of $397.01 million, a PE ratio of 32.00 and a beta of 0.49.

The York Water (NASDAQ:YORW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $11.80 million for the quarter, compared to the consensus estimate of $12.08 million. The York Water had a return on equity of 11.29% and a net margin of 26.27%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Equities analysts anticipate that The York Water Co. will post $0.95 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for The York Water (NASDAQ:YORW)

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were paid a dividend of $0.1555 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.62 dividend on an annualized basis and a yield of 2.02%. The York Water’s dividend payout ratio is presently 63.92%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock worth $16,080,000 after buying an additional 30,983 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of The York Water by 2.8% in the second quarter. BlackRock Fund Advisors now owns 339,085 shares of the company’s stock valued at $10,864,000 after buying an additional 9,320 shares during the period. Dimensional Fund Advisors LP increased its position in shares of The York Water by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 325,024 shares of the company’s stock valued at $10,414,000 after buying an additional 21,909 shares during the period. State Street Corp increased its position in shares of The York Water by 12.5% in the second quarter. State Street Corp now owns 232,925 shares of the company’s stock valued at $7,462,000 after buying an additional 25,889 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of The York Water by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 141,587 shares of the company’s stock valued at $4,536,000 after buying an additional 1,561 shares during the period. Hedge funds and other institutional investors own 31.01% of the company’s stock.

Separately, Zacks Investment Research raised The York Water from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.

About The York Water

The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.

5 Day Chart for NASDAQ:YORW

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