2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lessened its stake in Artesian Resources Co. ( NASDAQ:ARTNA – Free Report ) by 17.
4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,706 shares of the utilities provider’s stock after selling 18,414 shares during the period. Russell Investments Group Ltd.
owned approximately 0.85% of Artesian Resources worth $2,773,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in ARTNA.
State Street Corp boosted its holdings in shares of Artesian Resources by 0.6% in the third quarter. State Street Corp now owns 66,146 shares of the utilities provider’s stock worth $2,459,000 after buying an additional 384 shares during the last quarter.
FCA Corp TX raised its position in Artesian Resources by 0.6% in the fourth quarter. FCA Corp TX now owns 77,976 shares of the utilities provider’s stock worth $2,466,000 after acquiring an additional 427 shares during the period.
Wells Fargo & Company MN boosted its stake in shares of Artesian Resources by 100.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,514 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 1,759 shares during the last quarter.
R Squared Ltd bought a new stake in shares of Artesian Resources during the 4th quarter valued at $63,000. Finally, Geode Capital Management LLC raised its holdings in Artesian Resources by 2.1% in the 3rd quarter.
Geode Capital Management LLC now owns 110,317 shares of the utilities provider’s stock worth $4,104,000 after purchasing an additional 2,225 shares during the period. 57.37% of the stock is currently owned by hedge funds and other institutional investors.
Artesian Resources Stock Performance NASDAQ:ARTNA opened at $34.66 on Friday. The company has a debt-to-equity ratio of 0.
74, a quick ratio of 1.07 and a current ratio of 1.22.
The stock has a 50-day simple moving average of $32.22 and a two-hundred day simple moving average of $32.84.
The firm has a market capitalization of $357.10 million, a PE ratio of 17.77 and a beta of 0.
27. Artesian Resources Co. has a 52-week low of $29.
45 and a 52-week high of $41.29. Artesian Resources Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st.
Stockholders of record on Friday, February 7th were given a dividend of $0.3014 per share. This represents a $1.
21 annualized dividend and a dividend yield of 3.48%. This is an increase from Artesian Resources’s previous quarterly dividend of $0.
30. The ex-dividend date was Friday, February 7th. Artesian Resources’s dividend payout ratio (DPR) is presently 60.
61%. Artesian Resources Company 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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