Wells Fargo & Company MN lowered its position in Artesian Resources Corporation (NASDAQ:ARTNA) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,261 shares of the utilities provider’s stock after selling 2,674 shares during the period. Wells Fargo & Company MN owned about 0.30% of Artesian Resources Corporation worth $1,026,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ARTNA. Bank of America Corp DE boosted its holdings in shares of Artesian Resources Corporation by 79.3% during the 1st quarter. Bank of America Corp DE now owns 3,823 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 1,691 shares during the last quarter. American International Group Inc. boosted its holdings in shares of Artesian Resources Corporation by 7.4% during the 1st quarter. American International Group Inc. now owns 4,785 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 329 shares during the last quarter. AT Bancorp bought a new position in shares of Artesian Resources Corporation during the 2nd quarter valued at about $188,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Artesian Resources Corporation during the 2nd quarter valued at about $285,000. Finally, Strs Ohio boosted its holdings in shares of Artesian Resources Corporation by 5.9% during the 2nd quarter. Strs Ohio now owns 9,000 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 500 shares during the last quarter. 39.89% of the stock is owned by institutional investors.

Artesian Resources Corporation (NASDAQ:ARTNA) opened at $40.86 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.26 and a current ratio of 0.29. The company has a market cap of $380.25 million, a PE ratio of 28.16 and a beta of 0.09.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be given a $0.2352 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Artesian Resources Corporation’s previous quarterly dividend of $0.23. Artesian Resources Corporation’s payout ratio is 63.27%.

A number of research analysts recently commented on the stock. BidaskClub raised shares of Artesian Resources Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research downgraded shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th.

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Artesian Resources Corporation Profile

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

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

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