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York Water Co (NASDAQ:YORW) CEO and President Joseph Thomas Hand reported purchasing 326.157 shares of common stock on July 16, 2025, at a price of $29.8941 per share, totaling approximately $9,750. The purchase comes as the stock trades near its 52-week low of $29.86, with the current share price at $31.54. According to InvestingPro analysis, the company maintains impressive gross profit margins of 73.5%.
Following the transaction, Hand directly owns 38,136.6586 shares of York Water Co, which includes shares acquired under the company’s dividend reinvestment plan. He also indirectly owns 99.168 shares through a child. The company, currently valued at $450 million, boasts a remarkable 52-year streak of consecutive dividend payments, with a current yield of 2.82%. InvestingPro subscribers can access 4 additional key insights about York Water’s financial health and growth prospects.
In other recent news, The York Water Company has filed an application with the Pennsylvania Public Utility Commission for a rate increase in water and wastewater services. This proposed rate adjustment aims to generate an additional $24.2 million in annual revenues to support infrastructure investments. These investments include upgrades to water mains, meters, and wastewater treatment facilities, essential for maintaining compliance with regulatory standards. If approved, the new rates could take effect as early as August 1, 2025, increasing residential bills by approximately $14.16 per month for water and $35.85 for wastewater services.
Additionally, York Water Co. held its annual shareholder meeting, where several key proposals were approved. Shareholders elected four directors to three-year terms and ratified the appointment of Baker Tilly US, LLP as the independent auditor for the fiscal year ending December 31, 2025. The meeting also saw the approval of executive compensation and the adoption of a new long-term incentive plan designed to align executive and shareholder interests. These developments reflect shareholder confidence in the company’s governance and strategic direction.
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