Vanguard Group Inc. raised its holdings in Artesian Resources Co. (NASDAQ:ARTNA - Free Report) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 546,852 shares of the utilities provider's stock after purchasing an additional 58,055 shares during the period. Vanguard Group Inc. owned approximately 5.32% of Artesian Resources worth $22,962,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG lifted its holdings in shares of Artesian Resources by 47.0% during the 3rd quarter. Deutsche Bank AG now owns 6,144 shares of the utilities provider's stock worth $258,000 after acquiring an additional 1,965 shares during the period. Creative Planning bought a new stake in shares of Artesian Resources during the 3rd quarter worth approximately $201,000. Legal & General Group Plc lifted its holdings in shares of Artesian Resources by 8.0% during the 3rd quarter. Legal & General Group Plc now owns 116,404 shares of the utilities provider's stock worth $4,888,000 after acquiring an additional 8,600 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Artesian Resources by 21.3% during the 3rd quarter. Quadrature Capital Ltd now owns 12,210 shares of the utilities provider's stock worth $513,000 after acquiring an additional 2,148 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Artesian Resources by 8.4% during the 3rd quarter. Northern Trust Corp now owns 111,609 shares of the utilities provider's stock worth $4,686,000 after acquiring an additional 8,678 shares during the period. Institutional investors own 57.37% of the company's stock.
Artesian Resources Price Performance
ARTNA stock traded down $0.90 during trading on Friday, reaching $34.04. 47,498 shares of the company were exchanged, compared to its average volume of 43,202. The company has a 50-day moving average of $35.72 and a two-hundred day moving average of $38.98. The company has a market capitalization of $350.27 million, a price-to-earnings ratio of 20.51 and a beta of 0.18. Artesian Resources Co. has a twelve month low of $33.80 and a twelve month high of $58.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.10.
Artesian Resources (NASDAQ:ARTNA - Get Free Report) last released its quarterly earnings data on Wednesday, March 13th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $24.55 million during the quarter. Artesian Resources had a net margin of 16.89% and a return on equity of 7.62%. As a group, equities analysts predict that Artesian Resources Co. will post 1.99 earnings per share for the current fiscal year.
Artesian Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, February 8th. Artesian Resources's dividend payout ratio is 69.88%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ARTNA. StockNews.com downgraded shares of Artesian Resources from a "hold" rating to a "sell" rating in a report on Wednesday. TheStreet cut shares of Artesian Resources from a "b-" rating to a "c+" rating in a research report on Monday, February 5th.
Check Out Our Latest Stock Report on Artesian Resources
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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