Vanguard Group Inc. boosted its stake in Artesian Resources Corporation (NASDAQ:ARTNA) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 365,893 shares of the utilities provider’s stock after buying an additional 2,417 shares during the period. Vanguard Group Inc.’s holdings in Artesian Resources Corporation were worth $11,914,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its position in Artesian Resources Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 25,289 shares of the utilities provider’s stock valued at $823,000 after buying an additional 1,511 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Artesian Resources Corporation during the first quarter worth approximately $269,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Artesian Resources Corporation during the first quarter worth approximately $242,000. American International Group Inc. raised its position in shares of Artesian Resources Corporation by 7.4% in the first quarter. American International Group Inc. now owns 4,785 shares of the utilities provider’s stock worth $156,000 after buying an additional 329 shares during the period. Finally, Martingale Asset Management L P raised its position in shares of Artesian Resources Corporation by 23.1% in the first quarter. Martingale Asset Management L P now owns 46,412 shares of the utilities provider’s stock worth $1,512,000 after buying an additional 8,707 shares during the period. Institutional investors own 39.87% of the company’s stock.

Shares of Artesian Resources Corporation (ARTNA) traded up 0.95% on Thursday, reaching $37.20. 7,644 shares of the company were exchanged. The firm has a market capitalization of $341.79 million, a PE ratio of 25.48 and a beta of 0.10. Artesian Resources Corporation has a 12-month low of $26.28 and a 12-month high of $41.90. The company’s 50 day moving average is $37.74 and its 200 day moving average is $36.14.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a dividend of $0.2317 per share. This represents a $0.93 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, August 10th. Artesian Resources Corporation’s payout ratio is currently 63.27%.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/31/artesian-resources-corporation-artna-stake-raised-by-vanguard-group-inc.html.

A number of research analysts recently commented on ARTNA shares. Zacks Investment Research lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. BidaskClub lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Hilliard Lyons lowered shares of Artesian Resources Corporation from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Thursday, May 4th.

In other news, Director Nicholle Renee Taylor sold 2,770 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $40.13, for a total transaction of $111,160.10. Following the completion of the sale, the director now owns 6,979 shares of the company’s stock, valued at approximately $280,067.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Eisenbrey, Jr. sold 13,500 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.59, for a total transaction of $547,965.00. Following the sale, the director now directly owns 54,501 shares of the company’s stock, valued at approximately $2,212,195.59. The disclosure for this sale can be found here. Insiders have sold a total of 23,650 shares of company stock valued at $954,969 in the last ninety days. Insiders own 20.59% of the company’s stock.

About Artesian Resources Corporation

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

Want to see what other hedge funds are holding ARTNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Artesian Resources Corporation (NASDAQ:ARTNA).

Institutional Ownership by Quarter for Artesian Resources Corporation (NASDAQ:ARTNA)

Receive News & Stock Ratings for Artesian Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources Corporation and related stocks with our FREE daily email newsletter.