York Water Co (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 560 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was bought at an average cost of $30.10 per share, for a total transaction of $16,856.00. Following the purchase, the chief executive officer now owns 52,877 shares in the company, valued at $1,591,597.70. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

YORW opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. York Water Co has a 12 month low of $27.45 and a 12 month high of $36.10. The firm has a market capitalization of $404.38 million, a P/E ratio of 30.66 and a beta of 0.24.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. York Water had a net margin of 27.15% and a return on equity of 10.88%. The business had revenue of $12.70 million during the quarter, compared to analysts’ expectations of $12.44 million. As a group, sell-side analysts forecast that York Water Co will post 1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, December 28th. This is a boost from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio is 68.32%.

YORW has been the topic of a number of analyst reports. BidaskClub downgraded York Water from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Boenning Scattergood reissued an “outperform” rating on shares of York Water in a research note on Thursday, October 11th. ValuEngine raised York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of York Water from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Janney Montgomery Scott began coverage on shares of York Water in a research report on Friday. They issued a “buy” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.00.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in York Water by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 101,583 shares of the utilities provider’s stock worth $3,089,000 after purchasing an additional 1,848 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of York Water by 10.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,849 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 2,010 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of York Water by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,935 shares of the utilities provider’s stock valued at $454,000 after acquiring an additional 2,786 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of York Water by 12.3% in the 4th quarter. Fulton Bank N.A. now owns 27,293 shares of the utilities provider’s stock valued at $875,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Boenning & Scattergood Inc. grew its holdings in shares of York Water by 19.8% in the 3rd quarter. Boenning & Scattergood Inc. now owns 18,172 shares of the utilities provider’s stock valued at $552,000 after acquiring an additional 3,002 shares in the last quarter. Hedge funds and other institutional investors own 35.11% of the company’s stock.

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York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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