Shares of Artesian Resources Corp. (NASDAQ:ARTNA) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned Artesian Resources Corp. an industry rank of 68 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Artesian Resources Corp. from a “sell” rating to a “hold” rating in a research report on Monday, October 10th.
Hedge funds have recently bought and sold shares of the stock. AXA raised its stake in Artesian Resources Corp. by 239.4% in the second quarter. AXA now owns 6,788 shares of the company’s stock worth $230,000 after buying an additional 4,788 shares in the last quarter. BlackRock Fund Advisors raised its stake in Artesian Resources Corp. by 1.4% in the second quarter. BlackRock Fund Advisors now owns 205,947 shares of the company’s stock worth $6,986,000 after buying an additional 2,818 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Artesian Resources Corp. by 6.4% in the second quarter. BlackRock Investment Management LLC now owns 31,538 shares of the company’s stock worth $1,070,000 after buying an additional 1,888 shares in the last quarter. Vanguard Group Inc. raised its stake in Artesian Resources Corp. by 14.8% in the second quarter. Vanguard Group Inc. now owns 346,888 shares of the company’s stock worth $11,767,000 after buying an additional 44,722 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Artesian Resources Corp. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 170,985 shares of the company’s stock worth $5,800,000 after buying an additional 16,907 shares in the last quarter. 41.86% of the stock is owned by institutional investors.
Artesian Resources Corp. (NASDAQ:ARTNA) traded up 0.74% during trading on Monday, hitting $32.67. 8,475 shares of the stock were exchanged. The stock’s 50-day moving average price is $28.99 and its 200-day moving average price is $29.88. The firm has a market cap of $297.79 million, a PE ratio of 24.71 and a beta of 0.11. Artesian Resources Corp. has a 12-month low of $24.58 and a 12-month high of $35.00.
The company also recently disclosed a dividend, which was paid on Monday, November 21st. Shareholders of record on Wednesday, November 9th were paid a dividend of $0.2283 per share. The ex-dividend date of this dividend was Monday, November 7th. Artesian Resources Corp.’s dividend payout ratio is presently 68.42%.
Artesian Resources Corp. Company Profile
Artesian Resources Corporation is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in Delaware, Maryland and Pennsylvania.