Artesian Resources Co. (NASDAQ:ARTNA) Shares Purchased by State Street Corp

State Street Corp raised its holdings in Artesian Resources Co. (NASDAQ:ARTNA) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,146 shares of the utilities provider’s stock after purchasing an additional 384 shares during the quarter. State Street Corp owned about 0.64% of Artesian Resources worth $2,459,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Atria Investments Inc lifted its holdings in shares of Artesian Resources by 7.1% during the third quarter. Atria Investments Inc now owns 6,527 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 431 shares during the period. Costello Asset Management INC raised its position in Artesian Resources by 0.6% during the 3rd quarter. Costello Asset Management INC now owns 157,351 shares of the utilities provider’s stock worth $5,850,000 after buying an additional 862 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Artesian Resources in the 2nd quarter worth $42,000. Point72 DIFC Ltd purchased a new stake in shares of Artesian Resources in the second quarter valued at about $50,000. Finally, American Century Companies Inc. increased its stake in shares of Artesian Resources by 19.1% during the second quarter. American Century Companies Inc. now owns 9,467 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 1,518 shares during the period. 57.37% of the stock is owned by hedge funds and other institutional investors.

Artesian Resources Trading Up 0.1 %

NASDAQ ARTNA opened at $31.62 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $325.62 million, a P/E ratio of 16.22 and a beta of 0.22. Artesian Resources Co. has a 52-week low of $30.99 and a 52-week high of $41.73. The firm has a 50-day moving average price of $33.78 and a 200 day moving average price of $35.84.

Artesian Resources (NASDAQ:ARTNA) last issued its earnings results on Monday, November 4th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. Artesian Resources had a return on equity of 8.57% and a net margin of 18.96%. The business had revenue of $29.14 million during the quarter, compared to the consensus estimate of $29.00 million. Equities research analysts expect that Artesian Resources Co. will post 1.92 EPS for the current year.

Artesian Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 15th were given a dividend of $0.301 per share. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, November 15th. Artesian Resources’s dividend payout ratio is presently 61.54%.

Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.