The York Water Co. (YORW) CEO Jeffrey R. Hines Buys 517 Shares of Stock
The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 517 shares of the company’s 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 purchase, the chief executive officer now directly owns 48,129 shares of the company’s stock, valued at approximately $1,415,955.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The York Water Co. (NASDAQ:YORW) opened at 30.15 on Tuesday. The company’s 50-day moving average is $29.20 and its 200-day moving average is $29.66. The York Water Co. has a 52 week low of $22.18 and a 52 week high of $33.40. The company has a market cap of $388.00 million, a P/E ratio of 31.28 and a beta of 0.49.
The York Water (NASDAQ:YORW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The company earned $11.80 million during the quarter, compared to analysts’ expectations of $12.08 million. The York Water had a net margin of 26.27% and a return on equity of 11.29%. The York Water’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts anticipate that The York Water Co. will post $0.95 EPS for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 2.06%. The York Water’s dividend payout ratio is currently 63.92%.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock valued at $16,080,000 after buying an additional 30,983 shares in the last quarter. BlackRock Fund Advisors boosted its position in The York Water by 2.8% in the second quarter. BlackRock Fund Advisors now owns 339,085 shares of the company’s stock worth $10,864,000 after buying an additional 9,320 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in The York Water by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 325,024 shares of the company’s stock worth $10,414,000 after buying an additional 21,909 shares in the last quarter. State Street Corp boosted its position in The York Water by 12.5% in the second quarter. State Street Corp now owns 232,925 shares of the company’s stock worth $7,462,000 after buying an additional 25,889 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position 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 in the last quarter. 31.01% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised shares of 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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