York Water (NASDAQ:YORW) CEO Buys $29,982.00 in Stock

Key Points

  • CEO insider buy: CEO Joseph Thomas Hand bought 1,052 shares at $28.50 on April 16 for $29,982, raising his direct stake to 41,332 shares (a 2.61% increase), signaling management confidence.
  • Public offering and dilution: York Water priced 1,521,739 shares at $28.50 (with a 30‑day option for 228,261 more), raising about $41.4M to fund capex, debt repayment and potential acquisitions, but the new shares are dilutive and contributed to recent selling pressure toward a 52‑week low.
  • Recent results and income profile: The company beat Q1 EPS estimates ($0.36 vs. $0.32) while revenue slightly missed, and it pays a quarterly dividend of $0.228 (roughly a 3.0% yield) with a payout ratio around 65%.

The York Water Company (NASDAQ:YORW - Get Free Report) CEO Joseph Thomas Hand purchased 1,052 shares of York Water stock in a transaction on Thursday, April 16th. The stock was bought at an average price of $28.50 per share, for a total transaction of $29,982.00. Following the transaction, the chief executive officer directly owned 41,332 shares in the company, valued at approximately $1,177,962. The trade was a 2.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, April 16th, Joseph Thomas Hand purchased 103 shares of York Water stock. The stock was bought at an average price of $29.13 per share, for a total transaction of $3,000.39.
  • On Monday, March 16th, Joseph Thomas Hand purchased 15 shares of York Water stock. The stock was bought at an average price of $31.55 per share, for a total transaction of $473.25.

York Water Trading Down 0.3%

NASDAQ YORW opened at $30.08 on Friday. The business's 50-day moving average price is $31.77 and its two-hundred day moving average price is $32.08. The York Water Company has a 12 month low of $28.26 and a 12 month high of $36.48. The firm has a market capitalization of $434.66 million, a PE ratio of 21.64 and a beta of 0.70. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.92.




York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The utilities provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. York Water had a net margin of 25.89% and a return on equity of 8.49%. The business had revenue of $19.47 million for the quarter, compared to analysts' expectations of $20.00 million. On average, analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Friday, February 27th were paid a dividend of $0.228 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.91 annualized dividend and a yield of 3.0%. York Water's dividend payout ratio (DPR) is currently 65.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in YORW. Versant Capital Management Inc raised its stake in York Water by 290.7% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider's stock worth $28,000 after buying an additional 686 shares during the period. Advisory Services Network LLC acquired a new position in York Water during the 3rd quarter worth approximately $31,000. Parallel Advisors LLC raised its stake in York Water by 589.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider's stock worth $36,000 after buying an additional 1,008 shares during the period. Farther Finance Advisors LLC raised its stake in York Water by 62.4% during 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, GAMMA Investing LLC raised its stake in York Water by 211.4% during the 4th quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider's stock worth $44,000 after buying an additional 928 shares during the period. 49.86% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting York Water

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.

Analyst Ratings Changes

YORW has been the subject of several recent analyst reports. Wall Street Zen raised York Water from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of York Water in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Get Our Latest Stock Report on York Water

About York Water

(Get Free Report)

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.

Further Reading

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