York Water (NASDAQ:YORW) CEO Joseph Thomas Hand Buys 1,052 Shares

The York Water Company (NASDAQ:YORW) CEO Joseph Thomas Hand acquired 1,052 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of $28.50 per share, with a total value of $29,982.00. Following the completion of the transaction, the chief executive officer owned 41,332 shares of the company’s stock, valued at approximately $1,177,962. The trade was a 2.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, April 16th, Joseph Thomas Hand acquired 103 shares of York Water stock. The stock was acquired at an average cost of $29.13 per share, with a total value of $3,000.39.
• On Monday, March 16th, Joseph Thomas Hand acquired 15 shares of York Water stock. The stock was acquired at an average cost of $31.55 per share, with a total value of $473.25.

York Water Stock Performance

NASDAQ:YORW opened at $30.08 on Friday. The stock has a market cap of $434.66 million, a P/E ratio of 21.64 and a beta of 0.70. The stock has a 50 day simple moving average of $31.77 and a 200 day simple moving average of $32.08. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.92. The York Water Company has a 1-year low of $28.26 and a 1-year high of $36.48.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, March 3rd. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. York Water had a return on equity of 8.49% and a net margin of 25.89%.The firm had revenue of $19.47 million for the quarter, compared to analyst estimates of $20.00 million. Research analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Friday, February 27th were paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, February 27th. York Water’s dividend payout ratio (DPR) is 65.47%.

Hedge Funds Weigh In On York Water

Hedge funds and other institutional investors have recently modified their holdings of the business. Penn Capital Management Company LLC grew its position in York Water by 59.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 94,612 shares of the utilities provider’s stock worth $2,878,000 after acquiring an additional 35,447 shares during the last quarter. Teton Advisors LLC bought a new stake in York Water during the 3rd quarter worth $1,100,000. Principal Financial Group Inc. bought a new stake in York Water during the 3rd quarter worth $1,338,000. North Star Investment Management Corp. bought a new stake in York Water during the 3rd quarter worth $852,000. Finally, Syon Capital LLC bought a new stake in York Water during the 3rd quarter worth $274,000. Institutional investors own 49.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on YORW shares. Weiss Ratings restated a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, York Water presently has an average rating of “Hold”.

Key York Water News

Here are the key news stories impacting York Water this week:

• Positive Sentiment: Insiders (CEO Joseph T. Hand, CFO Matthew E. Poff, COO Matthew J. Scarpato and several VPs) purchased shares on April 16–17, signaling management confidence in the company’s outlook. Read More.
• Positive Sentiment: The offering closed with net proceeds of ~ $41.4M, which the company says will be used for capital investment, repayment of outstanding indebtedness and possible acquisitions — strengthening liquidity to support regulated operations and growth projects. Read More.
• Neutral Sentiment: Pricing and mechanics: the company priced 1,521,739 shares at $28.50 and granted underwriters a 30‑day option to buy up to 228,261 additional shares (common structure that can increase supply if exercised). Read More.
• Neutral Sentiment: Underwriting: Huntington Capital Markets acted as book‑running manager with Seaport Global as co‑manager — reputable placement that helps execution and reduces execution risk. Read More.
• Negative Sentiment: Share dilution and market signal: issuing new common shares dilutes existing holders and may be interpreted as a sign the company needed external capital; that contributed to recent selling pressure and a drop toward a 52‑week low. Read More.

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.