Parametric Portfolio Associates LLC lessened its holdings in shares of Artesian Resources Corporation (NASDAQ:ARTNA) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,601 shares of the utilities provider’s stock after selling 328 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.27% of Artesian Resources Corporation worth $926,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American International Group Inc. lifted its holdings in shares of Artesian Resources Corporation by 7.4% during the 1st quarter. American International Group Inc. now owns 4,785 shares of the utilities provider’s stock valued at $156,000 after buying an additional 329 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Artesian Resources Corporation by 6.4% during the 1st 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 during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Artesian Resources Corporation by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 365,893 shares of the utilities provider’s stock valued at $11,914,000 after buying an additional 2,417 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Artesian Resources Corporation by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 110,162 shares of the utilities provider’s stock valued at $3,586,000 after buying an additional 2,784 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Artesian Resources Corporation by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 200,290 shares of the utilities provider’s stock valued at $6,521,000 after buying an additional 8,120 shares during the last quarter. 39.95% of the stock is currently owned by institutional investors.

Shares of Artesian Resources Corporation (ARTNA) opened at $39.34 on Friday. The stock has a market capitalization of $361.61, a PE ratio of 27.90 and a beta of 0.09. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.64 and a current ratio of 0.71. Artesian Resources Corporation has a 1-year low of $29.36 and a 1-year high of $43.22.

Artesian Resources Corporation (NASDAQ:ARTNA) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Artesian Resources Corporation had a return on equity of 9.18% and a net margin of 15.96%. The company had revenue of $22.36 million during the quarter. sell-side analysts anticipate that Artesian Resources Corporation will post 1.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 13th will be issued a $0.2352 dividend. This is a positive change from Artesian Resources Corporation’s previous quarterly dividend of $0.23. This represents a $0.94 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, November 10th. Artesian Resources Corporation’s payout ratio is 66.67%.

ARTNA has been the subject of several research reports. Zacks Investment Research lowered Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. BidaskClub lowered Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th.

In related news, Director Kenneth R. Biederman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $39.05, for a total value of $78,100.00. Following the completion of the sale, the director now directly owns 21,875 shares in the company, valued at approximately $854,218.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.59% of the stock is currently owned by insiders.

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Artesian Resources Corporation Company Profile

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.

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

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