York Water (NASDAQ:YORW) Stock: Insider David Velazquez Acquires 1,288 Shares

The York Water Company (NASDAQ:YORW) Director David Velazquez acquired 1,288 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were purchased at an average cost of $31.07 per share, with a total value of $40,018.16. Following the completion of the acquisition, the director directly owned 1,288 shares in the company, valued at approximately $40,018.16. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

York Water Stock Performance

York Water stock opened at $31.69 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. The York Water Company has a 1 year low of $28.26 and a 1 year high of $34.81. The company has a market cap of $514.33 million, a PE ratio of 19.68 and a beta of 0.56. The company’s 50-day moving average is $32.38 and its two-hundred day moving average is $31.11.

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

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.2280 dividend. This represents a $0.91 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, September 30th. York Water’s dividend payout ratio is currently 56.52%.

Institutional Investors Weigh In On York Water

Several large investors have recently bought and sold shares of YORW. Allworth Financial LP acquired a new stake in York Water in the second quarter worth $29,000. Integrated Wealth Concepts LLC bought a new position in shares of York Water during the second quarter worth $46,000. Cetera Investment Advisers grew its holdings in shares of York Water by 8.7% in the 1st quarter. Cetera Investment Advisers now owns 8,953 shares of the utilities provider’s stock valued at $273,000 after buying an additional 718 shares during the period. Ieq Capital LLC acquired a new position in shares of York Water in the 2nd quarter valued at $383,000. Finally, Global Retirement Partners LLC acquired a new position in shares of York Water in the 2nd quarter valued at $395,000. Institutional investors own 49.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on YORW. Cantor Fitzgerald set a $31.00 target price on shares of York Water in a report on Monday, August 10th. Weiss Ratings upgraded shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, York Water presently has a consensus rating of “Hold” and a consensus target price of $31.00.

York Water Company Profile

The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.

In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.

Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.