Artesian Resources Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Artesian Resources in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Artesian Resources stock.
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Artesian Resources' stock was trading at $46.33 at the beginning of 2022. Since then, ARTNA stock has increased by 3.3% and is now trading at $47.85.
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Artesian Resources saw a increase in short interest in May. As of May 31st, there was short interest totaling 177,700 shares, an increase of 85.5% from the May 15th total of 95,800 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is presently 7.3 days. Currently, 2.2% of the shares of the stock are sold short.
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Artesian Resources is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Artesian Resources Co. (NASDAQ:ARTNA) announced its earnings results on Tuesday, May, 3rd. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by $0.02. The utilities provider had revenue of $22.19 million for the quarter, compared to the consensus estimate of $21 million. Artesian Resources had a net margin of 18.53% and a trailing twelve-month return on equity of 9.70%.
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Artesian Resources declared a quarterly dividend on Thursday, June 23rd. Shareholders of record on Tuesday, August 9th will be paid a dividend of $0.273 per share on Tuesday, August 23rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Monday, August 8th.
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Artesian Resources(NASDAQ:ARTNA) pays an annual dividend of $1.09 per share and currently has a dividend yield of 2.28%. The dividend payout ratio of Artesian Resources is 60.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Artesian Resources will have a dividend payout ratio of 50.00% next year. This indicates that Artesian Resources will be able to sustain or increase its dividend.
View Artesian Resources' dividend history.

4 employees have rated Artesian Resources CEO Dian C. Taylor on Glassdoor.com. Dian C. Taylor has an approval rating of 48% among Artesian Resources' employees. This puts Dian C. Taylor in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Artesian Resources include American Water Works (AWK), American States Water (AWR), California Water Service Group (CWT), SJW Group (SJW), Middlesex Water (MSEX), York Water (YORW), Consolidated Water (CWCO) and Cadiz (CDZI).
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Artesian Resources trades on the NASDAQ under the ticker symbol "ARTNA."

Artesian Resources' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.29%), Vanguard Group Inc. (4.22%), Renaissance Technologies LLC (3.80%), Dimensional Fund Advisors LP (2.50%), Costello Asset Management INC (2.25%) and State Street Corp (1.83%). Company insiders that own Artesian Resources stock include Dian C Taylor, Dian C Taylor, John R Eisenbrey Jr, Kenneth R Biederman, Nicholle Renee Taylor, Pierre A Anderson and William C Wyer.
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ARTNA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Russell Investments Group Ltd., Renaissance Technologies LLC, Costello Asset Management INC, Bank of America Corp DE, Dimensional Fund Advisors LP, Northern Trust Corp, and BNP Paribas Arbitrage SA. Company insiders that have sold Artesian Resources company stock in the last two years include Dian C Taylor, John R Eisenbrey Jr, Kenneth R Biederman, Nicholle Renee Taylor, and Pierre A Anderson.
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ARTNA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., EAM Investors LLC, Assenagon Asset Management S.A., KBC Group NV, Kestra Advisory Services LLC, Bellecapital International Ltd., State Street Corp, and Foundry Partners LLC.
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Shares of ARTNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARTNA stock can currently be purchased for approximately $47.85.

Artesian Resources (NASDAQ:ARTNA) has a market capitalization of $451.70 million and generates $90.86 million in revenue each year. The utilities provider earns $16.83 million in net income (profit) each year or $1.809990 on an earnings per share basis.

Artesian Resources employs 245 workers across the globe.

Artesian Resources was founded in 1905.

Artesian Resources' mailing address is 664 CHURCHMANS RD, NEWARK DE, 19702. The official website for Artesian Resources is www.artesianwater.com. The utilities provider can be reached via phone at (302) 453-6900, via email at [email protected], or via fax at 302-453-6957.