Jeffrey R. Hines Buys 362 Shares of The York Water Co. (YORW) Stock
The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 362 shares of the company’s stock in a transaction dated Monday, November 28th. The stock was purchased at an average price of $30.55 per share, for a total transaction of $11,059.10. Following the transaction, the chief executive officer now directly owns 48,330 shares in the company, valued at approximately $1,476,481.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
The York Water Co. (NASDAQ:YORW) opened at 36.40 on Thursday. The company’s 50 day moving average is $31.77 and its 200-day moving average is $30.10. The firm has a market cap of $467.41 million, a P/E ratio of 37.60 and a beta of 0.47. The York Water Co. has a 52-week low of $22.81 and a 52-week high of $38.05.
The York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company earned $12.60 million during the quarter, compared to the consensus estimate of $12.50 million. The York Water had a return on equity of 11.17% and a net margin of 26.25%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, equities analysts predict that The York Water Co. will post $0.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.76%. This is a boost from The York Water’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, December 28th. The York Water’s dividend payout ratio is 64.58%.
Several hedge funds and other institutional investors have recently bought and sold shares of YORW. Cetera Advisor Networks LLC acquired a new position in shares of The York Water during the third quarter worth approximately $215,000. The Manufacturers Life Insurance Company acquired a new position in shares of The York Water during the third quarter worth approximately $297,000. ProShare Advisors LLC boosted its position in shares of The York Water by 46.7% in the third quarter. ProShare Advisors LLC now owns 92,309 shares of the company’s stock worth $2,738,000 after buying an additional 29,371 shares during the last quarter. Morgan Stanley boosted its position in shares of The York Water by 62.8% in the third quarter. Morgan Stanley now owns 17,975 shares of the company’s stock worth $533,000 after buying an additional 6,936 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of The York Water by 1.1% in the third quarter. California State Teachers Retirement System now owns 27,268 shares of the company’s stock worth $809,000 after buying an additional 300 shares during the last quarter. Institutional investors own 31.24% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of The York Water from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, November 16th.
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.
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