York Water (NASDAQ:YORW) Director Buys $40,018.16 in Stock

The York Water Company (NASDAQ:YORW) Director David Velazquez acquired 1,288 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was bought at an average price of $31.07 per share, with a total value of $40,018.16. Following the purchase, the director directly owned 1,288 shares in the company, valued at approximately $40,018.16. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

York Water Stock Up 0.4%

YORW stock opened at $31.82 on Friday. The company’s 50 day moving average price is $32.35 and its 200 day moving average price is $31.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05. The York Water Company has a fifty-two week low of $28.26 and a fifty-two week high of $34.81. The firm has a market capitalization of $516.44 million, a price-to-earnings ratio of 19.76 and a beta of 0.56.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. The business had revenue of $23.52 million during the quarter, compared to analysts’ expectations of $22.18 million. York Water had a return on equity of 9.38% and a net margin of 28.53%.

York Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.2280 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.91 annualized dividend and a dividend yield of 2.9%. York Water’s dividend payout ratio is presently 56.52%.

Institutional Investors Weigh In On York Water

A number of institutional investors and hedge funds have recently made changes to their positions in YORW. BlackRock Inc. purchased a new position in York Water during the 2nd quarter worth $39,283,000. Legal & General Group Plc purchased a new stake in shares of York Water in the second quarter valued at about $9,859,000. Bank of New York Mellon Corp purchased a new stake in shares of York Water in the second quarter valued at about $4,714,000. Renaissance Technologies LLC boosted its holdings in shares of York Water by 80.8% in the first quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider’s stock valued at $6,213,000 after acquiring an additional 91,200 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of York Water by 36.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider’s stock worth $9,949,000 after acquiring an additional 86,917 shares during the period. 49.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

YORW has been the subject of a number of research reports. Weiss Ratings raised shares of York Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price objective on shares of York Water in a research note on Monday, August 10th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, York Water currently has a consensus rating of “Hold” and an average target price of $31.00.

About York Water

The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.

In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.

Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.