York Water (NASDAQ:YORW) Issues Quarterly Earnings Results

York Water (NASDAQ:YORW) posted its quarterly earnings results on Friday. The utilities provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01, Zacks reports. The company had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $22.60 million. York Water had a return on equity of 9.38% and a net margin of 28.53%.

York Water Trading Up 1.2%

YORW stock traded up $0.40 during trading on Friday, hitting $32.62. The company had a trading volume of 103,972 shares, compared to its average volume of 140,667. The business has a 50-day moving average of $31.95 and a 200-day moving average of $31.42. York Water has a one year low of $28.26 and a one year high of $34.81. The stock has a market cap of $529.39 million, a PE ratio of 20.26 and a beta of 0.52. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64.

York Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors 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 yield of 2.8%. York Water’s dividend payout ratio is presently 56.52%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research report on Friday, October 30th. Cantor Fitzgerald set a $31.00 price objective on York Water in a report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, York Water presently has an average rating of “Hold” and an average price target of $31.00.

Insider Buying and Selling

In other news, Director David M. Velazquez purchased 1,288 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were purchased at an average price of $31.07 per share, for a total transaction of $40,018.16. Following the transaction, the director owned 1,288 shares of the company’s stock, valued at approximately $40,018.16. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Hand sold 8,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $33.28, for a total transaction of $266,240.00. Following the completion of the sale, the chief executive officer directly owned 35,308 shares in the company, valued at approximately $1,175,050.24. This represents a 18.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 1,410 shares of company stock valued at $44,024 in the last three months. Insiders own 0.50% of the company’s stock.

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.