Prospera Financial Services Inc Grows Position in Artesian Resources Corporation $ARTNA

Prospera Financial Services Inc raised its stake in shares of Artesian Resources Corporation (NASDAQ:ARTNA) by 93.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,493 shares of the utilities provider’s stock after purchasing an additional 56,890 shares during the quarter. Prospera Financial Services Inc’s holdings in Artesian Resources were worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Artesian Resources by 39.7% during the third quarter. Jones Financial Companies Lllp now owns 1,435 shares of the utilities provider’s stock valued at $47,000 after buying an additional 408 shares during the last quarter. Osaic Holdings Inc. raised its stake in Artesian Resources by 44.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,632 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 503 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Artesian Resources by 422.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,717 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 3,005 shares during the period. Gitterman Wealth Management LLC grew its stake in Artesian Resources by 122.0% during the 3rd quarter. Gitterman Wealth Management LLC now owns 7,134 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 3,921 shares during the last quarter. Finally, Creative Planning purchased a new stake in Artesian Resources during the 2nd quarter valued at about $267,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.

Artesian Resources Stock Performance

Shares of ARTNA stock opened at $33.10 on Thursday. Artesian Resources Corporation has a 52-week low of $29.97 and a 52-week high of $36.19. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 0.70. The stock has a market cap of $341.26 million, a PE ratio of 15.11 and a beta of 0.36. The business has a 50-day simple moving average of $32.39 and a 200-day simple moving average of $32.57.

Artesian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th will be given a $0.3136 dividend. This represents a $1.25 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, February 13th. Artesian Resources’s dividend payout ratio is currently 57.08%.

Analyst Ratings Changes

ARTNA has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Artesian Resources in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Artesian Resources from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Artesian Resources Company Profile

Artesian Resources Corporation (NASDAQ: ARTNA) is a publicly traded water and wastewater utility company headquartered in Wilmington, Delaware. The company provides regulated water distribution and wastewater collection services to residential, commercial and industrial customers. Through its operating subsidiaries, Artesian is subject to oversight by public utility commissions in Delaware, Maryland and Pennsylvania, ensuring the delivery of safe, high-quality water in compliance with state and federal standards.

Traced back to its roots as the Artesian Water Company founded in 1905, the organization has expanded its footprint through a combination of organic growth and strategic acquisitions.