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

State Street Corp increased its holdings in Artesian Resources Co. (NASDAQ:ARTNAFree Report) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 66,146 shares of the utilities provider’s stock after purchasing an additional 384 shares during the quarter. State Street Corp’s holdings in Artesian Resources were worth $2,459,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARTNA. Foundry Partners LLC lifted its stake in Artesian Resources by 7.3% in the 2nd quarter. Foundry Partners LLC now owns 127,890 shares of the utilities provider’s stock valued at $4,497,000 after buying an additional 8,730 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Artesian Resources by 132.6% in the second quarter. Private Advisor Group LLC now owns 19,051 shares of the utilities provider’s stock valued at $670,000 after acquiring an additional 10,861 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Artesian Resources during the second quarter valued at $42,000. American Century Companies Inc. increased its position in Artesian Resources by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 9,467 shares of the utilities provider’s stock worth $333,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in Artesian Resources in the 2nd quarter valued at about $539,000. 57.37% of the stock is owned by institutional investors and hedge funds.

Artesian Resources Price Performance

Artesian Resources stock opened at $31.62 on Wednesday. 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 12-month low of $30.99 and a 12-month high of $41.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. The firm’s 50-day moving average is $33.78 and its two-hundred day moving average is $35.84.

Artesian Resources (NASDAQ:ARTNAGet Free Report) last announced 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. The firm had revenue of $29.14 million for the quarter, compared to analyst estimates of $29.00 million. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. Equities analysts predict that Artesian Resources Co. will post 1.92 earnings per share for the current year.

Artesian Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 15th were given a $0.301 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. Artesian Resources’s payout ratio is currently 61.54%.

Artesian Resources Profile

(Free Report)

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.

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

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