Key Points
- Director David Velazquez purchased 1,288 York Water shares at an average price of $31.07, investing approximately $40,018 and becoming the owner of 1,288 shares.
- York Water reported quarterly EPS of $0.49, exceeding the $0.40 consensus estimate, while revenue reached $23.52 million versus the $22.18 million estimate.
- The company maintains a quarterly dividend of $0.228 per share, equivalent to an annualized $0.91 dividend and a 3.0% yield; analysts currently rate the stock “Hold” with a $31 consensus price target.
The York Water Company (NASDAQ:YORW - Get Free Report) Director David Velazquez bought 1,288 shares of the company's stock in a transaction on Tuesday, October 20th. The shares were 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 in the company, valued at $40,018.16. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
York Water Trading Down 0.6%
NASDAQ YORW opened at $30.56 on Thursday. 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 company has a market capitalization of $495.96 million, a price-to-earnings ratio of 18.98 and a beta of 0.56. The company's 50-day simple moving average is $32.40 and its two-hundred day simple moving average is $31.11. The York Water Company has a one year low of $28.26 and a one year high of $34.81.
York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.40 by $0.09. York Water had a net margin of 28.53% and a return on equity of 9.38%. The business 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 disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.2280 per share. This represents a $0.91 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, September 30th. York Water's dividend payout ratio (DPR) is presently 56.52%.
Hedge Funds Weigh In On York Water
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in York Water in the second quarter valued at about $29,000. Integrated Wealth Concepts LLC bought a new position in York Water in the second quarter worth about $46,000. Cetera Investment Advisers lifted its position in shares of York Water by 8.7% during the first quarter. Cetera Investment Advisers now owns 8,953 shares of the utilities provider's stock valued at $273,000 after buying an additional 718 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of York Water during the second quarter valued at about $383,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of York Water during the second quarter valued at about $395,000. Hedge funds and other institutional investors own 49.86% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on YORW. Weiss Ratings raised shares of York Water from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Cantor Fitzgerald set a $31.00 target price on York Water in a research report on Monday, August 10th. One 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 target price of $31.00.
View Our Latest Stock Report on York Water
York Water Company Profile
(
Get Free Report)
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.
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