Joseph Thomas Hand Sells 8,000 Shares of York Water (NASDAQ:YORW) Stock

The York Water Company (NASDAQ:YORW) CEO Joseph Thomas Hand sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the completion of the sale, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. The trade was a 18.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Joseph Thomas Hand also recently made the following trade(s):

• On Friday, June 19th, Joseph Thomas Hand bought 25 shares of York Water stock. The stock was purchased at an average cost of $29.53 per share, with a total value of $738.25.

York Water Stock Up 0.9%

Shares of NASDAQ YORW opened at $33.36 on Wednesday. The stock has a market capitalization of $541.43 million, a P/E ratio of 20.72 and a beta of 0.60. The York Water Company has a one year low of $28.26 and a one year high of $34.30. The firm’s 50 day simple moving average is $30.98 and its two-hundred day simple moving average is $31.02. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 0.88.

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

York Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, September 30th. York Water’s dividend payout ratio is presently 56.52%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price target on York Water in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, York Water presently has an average rating of “Hold” and a consensus target price of $31.00.

Hedge Funds Weigh In On York Water

Several hedge funds and other institutional investors have recently modified their holdings of YORW. Allworth Financial LP bought a new stake in shares of York Water in the second quarter worth about $29,000. Advisory Services Network LLC bought a new position in York Water during the 3rd quarter valued at approximately $31,000. Parallel Advisors LLC raised its position in York Water by 589.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,008 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in York Water by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after buying an additional 441 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in York Water by 86.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after buying an additional 656 shares during the period. 49.86% of the stock is owned by institutional investors.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.