Artesian Resources Corp. (ARTNA) Receives Average Recommendation of “Hold” from Brokerages
Shares of Artesian Resources Corp. (NASDAQ:ARTNA) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given Artesian Resources Corp. an industry rank of 81 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Artesian Resources Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 2nd.
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Shares of Artesian Resources Corp. (NASDAQ:ARTNA) traded down 0.07% during mid-day trading on Tuesday, reaching $27.95. The company’s stock had a trading volume of 10,448 shares. Artesian Resources Corp. has a 1-year low of $23.80 and a 1-year high of $35.00. The firm has a market capitalization of $254.54 million, a P/E ratio of 22.18 and a beta of 0.12. The company’s 50-day moving average is $27.81 and its 200 day moving average is $29.57.
Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Artesian Resources Corp. by 14.8% in the second quarter. Vanguard Group Inc. now owns 346,888 shares of the company’s stock valued at $11,767,000 after buying an additional 44,722 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Artesian Resources Corp. by 1.4% in the second quarter. BlackRock Fund Advisors now owns 205,947 shares of the company’s stock worth $6,986,000 after buying an additional 2,818 shares in the last quarter. WFG Advisors LP increased its stake in shares of Artesian Resources Corp. by 5.9% in the second quarter. WFG Advisors LP now owns 172,206 shares of the company’s stock worth $5,841,000 after buying an additional 9,636 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Artesian Resources Corp. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 170,985 shares of the company’s stock worth $5,800,000 after buying an additional 16,907 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Artesian Resources Corp. by 6.3% in the second quarter. State Street Corp now owns 163,571 shares of the company’s stock worth $5,552,000 after buying an additional 9,742 shares in the last quarter. Hedge funds and other institutional investors own 38.47% of the company’s stock.
About Artesian Resources Corp.
Artesian Resources Corporation is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in Delaware, Maryland and Pennsylvania.
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