Artesian Resources Co. (NASDAQ:ARTNA) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned Artesian Resources an industry rank of 208 out of 265 based on the ratings given to its competitors.

A number of research firms have recently weighed in on ARTNA. BidaskClub downgraded shares of Artesian Resources from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded shares of Artesian Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th.

In other Artesian Resources news, insider Dian C. Taylor sold 8,798 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $42.36, for a total transaction of $372,683.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Wyer sold 6,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $42.00, for a total transaction of $283,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,548 shares of company stock valued at $734,283. 20.59% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ARTNA. Dimensional Fund Advisors LP raised its position in Artesian Resources by 9.5% during the third quarter. Dimensional Fund Advisors LP now owns 237,999 shares of the utilities provider’s stock valued at $8,997,000 after purchasing an additional 20,661 shares in the last quarter. SG Americas Securities LLC acquired a new position in Artesian Resources during the third quarter valued at approximately $538,000. WFG Advisors LP raised its position in Artesian Resources by 9.4% during the second quarter. WFG Advisors LP now owns 144,011 shares of the utilities provider’s stock valued at $5,421,000 after purchasing an additional 12,399 shares in the last quarter. Numeric Investors LLC acquired a new position in Artesian Resources during the second quarter valued at approximately $336,000. Finally, Northern Trust Corp raised its position in Artesian Resources by 8.4% during the second quarter. Northern Trust Corp now owns 114,661 shares of the utilities provider’s stock valued at $4,316,000 after purchasing an additional 8,857 shares in the last quarter. Institutional investors and hedge funds own 38.70% of the company’s stock.

Shares of Artesian Resources (ARTNA) opened at $37.53 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.71 and a quick ratio of 0.64. Artesian Resources has a 1 year low of $29.83 and a 1 year high of $43.22. The firm has a market cap of $347.73, a P/E ratio of 26.62 and a beta of 0.10.

Artesian Resources (NASDAQ:ARTNA) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). Artesian Resources had a net margin of 15.96% and a return on equity of 9.18%. The business had revenue of $22.36 million during the quarter. analysts predict that Artesian Resources will post 1.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a $0.2352 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.51%. Artesian Resources’s payout ratio is 66.67%.

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Artesian Resources 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.

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