The York Water Company (YORW) Insider Buys $10,801.07 in Stock

The York Water Company (NASDAQ:YORW) insider Jeffrey R. Hines purchased 329 shares of the business’s stock in a transaction on Monday, October 16th. The stock was purchased at an average price of $32.83 per share, for a total transaction of $10,801.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

The York Water Company (YORW) opened at 36.35 on Thursday. The firm has a 50-day moving average price of $34.30 and a 200 day moving average price of $34.68. The York Water Company has a one year low of $28.85 and a one year high of $39.86. The company has a market cap of $466.99 million, a price-to-earnings ratio of 39.09 and a beta of 0.58.

The York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $12.30 million for the quarter, compared to analysts’ expectations of $12.21 million. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Equities analysts expect that The York Water Company will post $0.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.76%. The York Water’s dividend payout ratio is presently 68.82%.

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Several brokerages have issued reports on YORW. Zacks Investment Research lowered The York Water from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub lowered The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in YORW. First Trust Advisors LP purchased a new stake in shares of The York Water in the 2nd quarter worth $3,107,000. Russell Investments Group Ltd. increased its stake in shares of The York Water by 116.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,646 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 5,183 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of The York Water by 23.4% in the 1st quarter. Vanguard Group Inc. now owns 624,439 shares of the utilities provider’s stock worth $21,887,000 after purchasing an additional 118,367 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of The York Water by 49.6% in the 1st quarter. California Public Employees Retirement System now owns 35,000 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 11,600 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of The York Water by 45.9% in the 2nd quarter. Principal Financial Group Inc. now owns 18,101 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 5,693 shares in the last quarter. Institutional investors and hedge funds own 35.39% of the company’s stock.

The York Water Company Profile

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

Insider Buying and Selling by Quarter for The York Water (NASDAQ:YORW)

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