The York Water Company (NASDAQ:YORW – Get Free Report) CEO Joseph Thomas Hand sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the sale, the chief executive officer owned 35,308 shares in the company, valued at approximately $1,175,050.24. This trade represents a 18.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Thomas Hand also recently made the following trade(s):
- On Friday, June 19th, Joseph Thomas Hand acquired 25 shares of York Water stock. The stock was bought at an average price of $29.53 per share, with a total value of $738.25.
York Water Stock Performance
Shares of York Water stock opened at $33.84 on Thursday. The York Water Company has a one year low of $28.26 and a one year high of $34.30. The company has a market cap of $549.22 million, a PE ratio of 21.02 and a beta of 0.60. 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 business has a 50-day simple moving average of $31.05 and a 200-day simple moving average of $31.02.
York Water Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 30th. York Water’s dividend payout ratio (DPR) is presently 56.52%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on YORW shares. Cantor Fitzgerald set a $31.00 price objective on shares of York Water in a research report on Monday, August 10th. Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, York Water has an average rating of “Hold” and an average target price of $31.00.
Read Our Latest Stock Report on YORW
Institutional Trading of York Water
Several institutional investors have recently modified their holdings of the stock. Penn Capital Management Company LLC grew its position in shares of York Water by 9.5% in the 2nd quarter. Penn Capital Management Company LLC now owns 97,796 shares of the utilities provider’s stock valued at $2,997,000 after buying an additional 8,525 shares during the last quarter. Bank of America Corp DE acquired a new stake in York Water during the 2nd quarter worth $1,997,000. Odyssean LLC purchased a new stake in York Water in the second quarter valued at $955,000. Legal & General Group Plc acquired a new position in York Water in the second quarter valued at $9,859,000. Finally, Cullen Capital Management LLC acquired a new position in York Water in the second quarter valued at $702,000. Hedge funds and other institutional investors own 49.86% of the company’s stock.
About York Water
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.
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