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York Water Co. (NASDAQ:YORW), a $454 million utility company with impressive gross profit margins of ~74%, saw its VP of Engineering Snyder Mark S. purchase 10.872 shares of common stock on July 16, 2025, at $29.8941 per share, totaling $325. The purchase occurred near the stock’s 52-week low of $29.86, according to InvestingPro data.
Following the transaction, Snyder directly owns 4442.083 shares, which includes shares acquired under The York Water Company dividend reinvestment plan. InvestingPro analysis reveals the company has maintained dividend payments for 52 consecutive years, with a current dividend yield of 2.82%.
In other recent news, The York Water Company has submitted a formal application to the Pennsylvania Public Utility Commission for a rate increase in water and wastewater services. This proposal aims to generate an additional $24.2 million in annual revenue, which the company plans to use for infrastructure upgrades, including replacing aging water mains and expanding wastewater treatment facilities. If approved, the new rates could take effect as early as August 2025, resulting in an increase of approximately $14.16 per month for water and $35.85 per month for wastewater services for residential customers.
Additionally, during its recent annual shareholder meeting, York Water Co. announced the election of four directors to three-year terms and the ratification of Baker Tilly US, LLP as the independent auditor for the fiscal year ending December 31, 2025. Shareholders also approved executive compensation and adopted a new long-term incentive plan aimed at aligning executive and shareholder interests. These developments indicate strong shareholder confidence in the company’s governance and strategic direction. The company’s focus on infrastructure investment and governance initiatives reflects its commitment to maintaining reliable services and aligning with shareholder interests.
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