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York Water Co (NASDAQ:YORW) VP of Operations, Matthew J Scarpato, recently purchased 32.616 shares of common stock. The transaction, which occurred on July 16, 2025, involved a purchase at a price of $29.8941 per share, totaling $975. The purchase was made near the stock’s 52-week low of $29.86, with the current share price at $31.65. According to InvestingPro analysis, York Water maintains impressive gross profit margins of 73.5% and has sustained dividend payments for 52 consecutive years.
Following this transaction, Scarpato directly owns 825.743 shares of York Water Co, which includes shares acquired under The York Water Company dividend reinvestment plan. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro offers exclusive data and additional trading tips.
In other recent news, The York Water Company has submitted a formal application to the Pennsylvania Public Utility Commission for an increase in water and wastewater service rates. This proposed rate adjustment aims to generate an additional $24.2 million in annual revenues, with residential customers potentially seeing an increase of approximately $14.16 per month for water and $35.85 per month for wastewater services. The company has invested $145 million in capital improvements, focusing on replacing and maintaining aging infrastructure and expanding wastewater treatment facilities. These efforts are part of the company’s commitment to maintaining safe and reliable services for its customers.
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 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 the interests of executives and shareholders. These developments indicate strong shareholder support for the company’s governance and strategic direction.
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