The York Water Co. (YORW) CEO Jeffrey R. Hines Buys 362 Shares
The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines bought 362 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was bought at an average cost of $30.55 per share, for a total transaction of $11,059.10. Following the acquisition, the chief executive officer now owns 48,330 shares of the company’s stock, valued at approximately $1,476,481.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
The York Water Co. (NASDAQ:YORW) traded up 3.49% during mid-day trading on Tuesday, hitting $38.50. The company had a trading volume of 29,538 shares. The York Water Co. has a 52-week low of $22.81 and a 52-week high of $38.60. The firm has a market cap of $494.38 million, a P/E ratio of 39.77 and a beta of 0.47. The stock’s 50 day moving average price is $31.77 and its 200 day moving average price is $30.10.
The York Water (NASDAQ:YORW) last released its earnings results on Thursday, November 3rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The York Water had a return on equity of 11.17% and a net margin of 26.25%. The firm had revenue of $12.60 million for the quarter, compared to the consensus estimate of $12.50 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that The York Water Co. will post $0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, December 28th. This is an increase from The York Water’s previous quarterly dividend of $0.16. The York Water’s dividend payout ratio (DPR) is currently 64.58%.
Separately, Zacks Investment Research upgraded The York Water from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in YORW. BlackRock Group LTD bought a new stake in shares of The York Water during the second quarter worth $108,000. BlackRock Advisors LLC boosted its stake in shares of The York Water by 55.1% in the second quarter. BlackRock Advisors LLC now owns 6,161 shares of the company’s stock worth $197,000 after buying an additional 2,189 shares during the last quarter. Baird Financial Group Inc. bought a new stake in shares of The York Water during the second quarter worth $210,000. Janney Montgomery Scott LLC bought a new stake in shares of The York Water during the second quarter worth $211,000. Finally, Aperio Group LLC bought a new stake in shares of The York Water during the third quarter worth $202,000. 31.24% of the stock is currently owned by institutional investors.
The York Water Company Profile
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.
Receive News & Stock Ratings for The York Water Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The York Water Co. and related stocks with our FREE daily email newsletter.