Artesian Resources
ARTNA

$37.35

0.05%

Market Cap: $385M

About: Artesian Resources Corp operates as a holding company with a focus on water distribution and wastewater services. Its regulated utility segment includes subsidiaries providing water and wastewater services in Delaware, Maryland, and Pennsylvania. Water distribution spans residential, commercial, industrial, and municipal sectors, while wastewater services are offered primarily in Sussex County, Delaware. The company also engages in non-utility businesses, offering service line protection plans, engineering services, and contract operations for water and wastewater systems. The regulated utility segment constitutes the largest portion of the company's operations, subject to regulations by Delaware, Maryland, and Pennsylvania.

Employees: 251

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

54% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 26

12% more funds holding

Funds holding: 113 [Q1] → 127 (+14) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2.52% less ownership

Funds ownership: 66.18% [Q1] → 63.66% (-2.52%) [Q2]

9% less capital invested

Capital invested by funds: $231M [Q1] → $211M (-$20.6M) [Q2]

28% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 40

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Research analyst outlook

We haven’t received any recent analyst ratings for ARTNA.

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Financial journalist opinion

Artesian Resources: A Small-Cap Water Utility For Consistent Dividend Growth

Artesian Resources is a regulated monopoly water utility with steady growth, consistent dividends, and is currently undervalued, making it a long-term buy for dividend growth investors. The company has a robust capital investment program, partnerships, and M&A activities, contributing to revenue growth. Artesian Resources boasts a 32-year streak of dividend increases, with a current yield of 3.27%, supported by a 65% payout ratio and strong cash flow.

Artesian Resources: A Small-Cap Water Utility For Consistent Dividend Growth

Zacks Investment Research

Artesian Resources (ARTNA) Lags Q2 Earnings Estimates

Artesian Resources (ARTNA) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.44 per share a year ago.

Artesian Resources (ARTNA) Lags Q2 Earnings Estimates

Artesian Resources Corporation Reports Second Quarter and Year-to-Date 2024 Results

NEWARK, Del., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced second quarter and year-to-date results for 2024.

Artesian Resources Corporation Reports Second Quarter and Year-to-Date 2024 Results

Artesian Resources Corporation Declares Common Stock Dividend

NEWARK, Del., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced today that its Board of Directors has declared a regular quarterly dividend on the company's Class A and Class B Common Stock. The quarterly dividend of $0.2955 per share is payable August 27, 2024 to shareholders of record at the close of business on August 16, 2024, providing an annualized dividend of $1.182 per share.

Artesian Resources Corporation Declares Common Stock Dividend

What Are the Hottest Water Stocks Right Now? 3 Top Picks.

Water stocks don't really need much in terms of fundamental justification. It's the one resource that is easily the most precious.

What Are the Hottest Water Stocks Right Now? 3 Top Picks.

3 Dividend Dynamos Set to Triple Your Money by 2027

When most investors think of dividend stocks, they think of stability and steady income—not about tripling their money over the next few years. However, there are exceptional opportunities where dividend stocks can offer both reliable income and substantial capital appreciation.

3 Dividend Dynamos Set to Triple Your Money by 2027

Artesian Resources Corporation's Annual Charitable Golf Tournament Raises Nearly $135,000

NEWARK, Del., June 25, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announced that its Annual Charitable Golf Outing raised nearly $135,000, bringing the thirteen-year total to $875,000. Over 175 golfers representing Artesian's valued vendors and business partners gathered on June 3rd at the DuPont Country Club in Wilmington, Delaware to support local charitable organizations. “We are immensely grateful for the generous support from our business partners to be able to once again have such an incredibly successful event. Their continued partnership with us each year enables Artesian to have a positive impact on local charities across the Delmarva Peninsula,” said Dian C. Taylor, Chair and CEO.

Artesian Resources Corporation's Annual Charitable Golf Tournament Raises Nearly $135,000

Artesian Resources: An Under-The-Radar Dividend Champion To Buy Now

Artesian Resources is a Dividend Champion that doesn't get a lot of attention. The relatively positive resolution of its Delaware rate case means that solid growth should lie ahead for the foreseeable future. ARTNA's interest coverage ratio improved to 3 in the first quarter.

Artesian Resources: An Under-The-Radar Dividend Champion To Buy Now

Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA) announces today that its Board of Directors has approved a 2% increase in the quarterly dividend per share on the company's Class A and Class B Common Stock, raising the annualized dividend to $1.182 per share. The quarterly dividend rate of $0.2955 per share is payable May 28, 2024 to shareholders of record at the close of business on May 17, 2024.

Artesian Resources Corporation Announces 2% Increase in Quarterly Common Stock Dividend

Artesian Resources Corporation Reports First Quarter 2024 Results

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) -- Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2024.

Artesian Resources Corporation Reports First Quarter 2024 Results

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