York Water Co (YORW) CEO Jeffrey R. Hines Acquires 450 Shares
York Water Co (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 450 shares of York Water stock in a transaction dated Monday, April 17th. The stock was bought at an average cost of $33.39 per share, for a total transaction of $15,025.50. Following the completion of the purchase, the chief executive officer now directly owns 49,081 shares in the company, valued at approximately $1,638,814.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of York Water Co (NASDAQ:YORW) opened at 36.00 on Thursday. York Water Co has a 52 week low of $26.54 and a 52 week high of $39.85. The company’s 50-day moving average is $34.81 and its 200 day moving average is $34.68. The stock has a market capitalization of $462.85 million, a P/E ratio of 39.13 and a beta of 0.56.
York Water (NASDAQ:YORW) last posted its quarterly earnings data on Tuesday, March 7th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $11.89 million for the quarter, compared to analysts’ expectations of $12.05 million. York Water had a net margin of 26.25% and a return on equity of 11.17%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. On average, equities analysts forecast that York Water Co will post $0.95 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Tuesday, February 28th were paid a dividend of $0.1602 per share. The ex-dividend date was Friday, February 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.78%. York Water’s dividend payout ratio is currently 66.67%.
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Separately, Zacks Investment Research downgraded shares of York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th.
Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in York Water by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 126,697 shares of the utilities provider’s stock worth $3,758,000 after buying an additional 3,283 shares in the last quarter. ProShare Advisors LLC raised its stake in York Water by 46.7% in the third quarter. ProShare Advisors LLC now owns 92,309 shares of the utilities provider’s stock worth $2,738,000 after buying an additional 29,371 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in York Water by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,397 shares of the utilities provider’s stock worth $13,538,000 after buying an additional 12,008 shares in the last quarter. State Street Corp raised its stake in York Water by 2.0% in the fourth quarter. State Street Corp now owns 243,472 shares of the utilities provider’s stock worth $9,297,000 after buying an additional 4,867 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in York Water by 127.3% in the fourth quarter. Guggenheim Capital LLC now owns 47,548 shares of the utilities provider’s stock worth $1,816,000 after buying an additional 26,625 shares in the last quarter. Institutional investors own 30.71% of the company’s stock.
About York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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