York Water (NASDAQ:YORW) Director David Velazquez Purchases 1,288 Shares of Company Stock

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

York Water Price Performance

Shares of YORW stock opened at $30.56 on Thursday. The York Water Company has a 52-week low of $28.26 and a 52-week high of $34.81. 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 firm has a market capitalization of $495.96 million, a P/E ratio of 18.98 and a beta of 0.56. The stock has a 50 day moving average price of $32.40 and a 200 day moving average price of $31.11.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The company 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.2280 per share. This represents a $0.91 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Wednesday, September 30th. York Water’s dividend payout ratio (DPR) is 56.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in York Water during the 2nd quarter worth $39,283,000. Arrowstreet Capital Limited Partnership raised its position in York Water by 36.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider’s stock valued at $9,949,000 after purchasing an additional 86,917 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of York Water in the 2nd quarter worth $9,859,000. Renaissance Technologies LLC lifted its holdings in shares of York Water by 80.8% in the 1st quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider’s stock worth $6,213,000 after buying an additional 91,200 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of York Water in the 2nd quarter worth $4,714,000. Institutional investors own 49.86% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About York Water

The York Water Company (NASDAQ:YORW) is a regulated water utility that provides water and wastewater services to residential, commercial, and industrial customers in south-central Pennsylvania. Its operations include the collection, treatment, storage, and distribution of water, as well as wastewater collection and treatment services.

Founded in 1816, York Water is recognized as the oldest continuously operating investor-owned water utility in the United States. The company has expanded its service area over time through infrastructure development and acquisitions, while continuing to focus on maintaining and upgrading its water and wastewater systems.

York Water primarily serves communities in York, Adams, and surrounding counties in Pennsylvania.