The York Water Co. (NASDAQ:YORW) Director George Hay Esq Kain III sold 359 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $27.88, for a total value of $10,008.92. Following the sale, the director now directly owns 9,266 shares of the company’s stock, valued at approximately $258,336.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of The York Water Co. (NASDAQ:YORW) opened at 29.89 on Wednesday. The company has a 50-day moving average price of $29.02 and a 200-day moving average price of $29.68. The stock has a market cap of $384.65 million, a price-to-earnings ratio of 31.01 and a beta of 0.57. The York Water Co. has a 52 week low of $20.93 and a 52 week high of $33.40.

The York Water (NASDAQ:YORW) last issued its earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The company 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% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Equities analysts anticipate that The York Water Co. will post $0.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.1555 per share. This represents a $0.62 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, September 28th. The York Water’s dividend payout ratio (DPR) is presently 63.92%.

Hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its stake in The York Water by 10.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,473 shares of the company’s stock worth $336,000 after buying an additional 965 shares during the last quarter. Strs Ohio increased its stake in The York Water by 6.1% in the second quarter. Strs Ohio now owns 22,500 shares of the company’s stock worth $720,000 after buying an additional 1,300 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in 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 worth $4,536,000 after buying an additional 1,561 shares during the last quarter. Creative Planning increased its stake in The York Water by 33.3% in the second quarter. Creative Planning now owns 8,000 shares of the company’s stock worth $256,000 after buying an additional 2,000 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in 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. 30.96% of the stock is currently owned by institutional investors.

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.

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