NASDAQ:ARTNA Artesian Resources (ARTNA) Stock Forecast, Price & News $48.50 -6.61 (-11.99%) (As of 05/19/2023 08:47 PM ET) Add Compare Share Share Today's Range$48.50▼$49.8050-Day Range$48.50▼$58.3952-Week Range$44.08▼$63.00Volume292,200 shsAverage Volume42,350 shsMarket Capitalization$461.24 millionP/E Ratio26.80Dividend Yield2.35%Price TargetN/A ProfileProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Artesian Resources MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy1.13% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.49Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth11.40%From $1.93 to $2.15 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.66 out of 5 starsUtilities Sector13th out of 84 stocksWater Supply Industry4th out of 11 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Artesian Resources. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.13% of the float of Artesian Resources has been sold short.Short Interest Ratio / Days to CoverArtesian Resources has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Artesian Resources has recently decreased by 0.96%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldArtesian Resources pays a meaningful dividend of 2.06%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthArtesian Resources has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Artesian Resources is 62.98%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Artesian Resources will have a dividend payout ratio of 53.02% next year. This indicates that Artesian Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ARTNA. Previous Next 1.9 News and Social Media Coverage News SentimentArtesian Resources has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Artesian Resources this week, compared to 1 article on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Artesian Resources insiders have not sold or bought any company stock.Percentage Held by Insiders20.59% of the stock of Artesian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions49.19% of the stock of Artesian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Artesian Resources are expected to grow by 11.40% in the coming year, from $1.93 to $2.15 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Artesian Resources is 26.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Artesian Resources is 26.80, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 100.27.Price to Book Value per Share RatioArtesian Resources has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Artesian Resources (NASDAQ:ARTNA) StockArtesian Resources Corp. is a holding company, which engages in the provision of water resource management. Its activities include residential, commercial water and wastewater, government and contract services, and developers. The company was founded in 1927 and is headquartered in Newark, DE.Read More Receive ARTNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Artesian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address ARTNA Stock News HeadlinesMay 19, 2023 | finance.yahoo.comArtesian Resources Corporation Announces Pricing of Public Offering of Common StockMay 19, 2023 | americanbankingnews.comArtesian Resources (NASDAQ:ARTNA) Coverage Initiated by Analysts at StockNews.comMay 22, 2023 | MarketBeat Internal (Ad)Get MarketBeat All Access Free for 30 DaysMarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Try it free for 30 days.May 18, 2023 | seekingalpha.comArtesian Resources proposes stock offering of 600k sharesMay 18, 2023 | finance.yahoo.comArtesian Resources Corporation Announces Common Stock OfferingMay 15, 2023 | msn.comArtesian Resources: Dividend InsightsMay 13, 2023 | finance.yahoo.comArtesian Resources' (NASDAQ:ARTN.A) Dividend Will Be Increased To $0.284May 10, 2023 | msn.comArtesian Resources raises dividend by 2% to $0.284/shareMay 22, 2023 | MarketBeat Internal (Ad)Get MarketBeat All Access Free for 30 DaysMarketBeat All Access is the premier all-in-one stock research solution that helps you identify the best stocks, monitor your portfolio, and keep track of the market. You get our top stock picks, best-in-class research tools, real-time alerts, proprietary research reports and much more. Try it free for 30 days.May 9, 2023 | benzinga.comArtesian Resources Corporation Announces 2% Increase in Quarterly Common Stock DividendMay 9, 2023 | finance.yahoo.comArtesian Resources Corporation Reports First Quarter 2023 ResultsMay 9, 2023 | finance.yahoo.comArtesian Resources Corporation Announces 2% Increase in Quarterly Common Stock DividendMay 2, 2023 | finance.yahoo.comInvesting in Artesian Resources (NASDAQ:ARTN.A) three years ago would have delivered you a 67% gainApril 28, 2023 | finance.yahoo.comArtesian Water Company, Inc. Files Application for Increase in Customer Rates with Delaware Public Service Commission for the First Time in Nine YearsApril 22, 2023 | americanbankingnews.comArtesian Resources Co. (NASDAQ:ARTNA) Short Interest UpdateApril 20, 2023 | benzinga.comArtesian Water Company, Inc. Receives the U.S. Environmental Protection Agency's Distinguished AQUARIUS Excellence in Community Engagement AwardApril 20, 2023 | finance.yahoo.comArtesian Water Company, Inc. Receives the U.S. Environmental Protection Agency’s Distinguished AQUARIUS Excellence in Community Engagement AwardApril 14, 2023 | finance.yahoo.comIs Now The Time To Put Artesian Resources (NASDAQ:ARTN.A) On Your Watchlist?April 11, 2023 | benzinga.comArtesian Resources Corporation 2022 Annual Report Available Electronically to ShareholdersApril 11, 2023 | finance.yahoo.comArtesian Resources Corporation 2022 Annual Report Available Electronically to ShareholdersMarch 10, 2023 | msn.comArtesian Resources GAAP EPS of $0.24 misses by $0.03, revenue of $25.12M beats by $2.12MMarch 9, 2023 | finance.yahoo.comArtesian Resources Corporation Reports 2022 Year-End Earnings and Fourth Quarter ResultsFebruary 9, 2023 | benzinga.comArtesian Resources Stock (NASDAQ:ARTNA), Quotes and News SummaryFebruary 9, 2023 | finance.yahoo.comArtesian Resources (NASDAQ:ARTN.A) Is Reinvesting At Lower Rates Of ReturnJanuary 25, 2023 | msn.comArtesian Resources Corporation declares $0.2784 dividendJanuary 24, 2023 | reuters.comARTNA.PH - | Stock Price & Latest News | ReutersJanuary 13, 2023 | reuters.comARTNA.OQ - | Stock Price & Latest News | ReutersSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ARTNA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Artesian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address ARTNA Company Calendar Ex-Dividend for 2/23 Dividend2/08/2023Dividend Payable2/23/2023Last Earnings3/09/2023Ex-Dividend for 5/26 Dividend5/18/2023Today5/21/2023Dividend Payable5/26/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Water supply Sub-IndustryWater Utilities SectorUtilities Current SymbolNASDAQ:ARTNA CUSIP04311320 CIK863110 Webwww.artesianwater.com Phone(302) 453-6900Fax302-453-6957Employees245Year Founded1905Profitability EPS (Most Recent Fiscal Year)$1.81 Trailing P/E Ratio26.80 Forward P/E Ratio25.13 P/E GrowthN/ANet Income$18 million Net Margins17.36% Pretax Margin17.36% Return on Equity9.24% Return on Assets2.44% Debt Debt-to-Equity Ratio0.93 Current Ratio0.50 Quick Ratio0.38 Sales & Book Value Annual Sales$98.90 million Price / Sales4.66 Cash Flow$2.84 per share Price / Cash Flow17.08 Book Value$19.89 per share Price / Book2.44Miscellaneous Outstanding Shares9,510,000Free Float7,552,000Market Cap$461.24 million OptionableOptionable Beta0.16 Social Links Key ExecutivesDian C. TaylorChairman, President & Chief Executive OfficerJohn M. ThaederSenior Vice President-OperationsDavid B. SpachtChief Financial OfficerPierre A. AndersonChief Information Officer & Senior Vice PresidentRaymond T. KellyVice President-Information TechnologyKey CompetitorsYork WaterNASDAQ:YORWConsolidated WaterNASDAQ:CWCOMiddlesex WaterNASDAQ:MSEXGlobal Water ResourcesNASDAQ:GWRSPure CycleNASDAQ:PCYOView All CompetitorsInsiders & InstitutionsNew York State Common Retirement FundSold 1,900 shares on 5/18/2023Ownership: 0.261%Geode Capital Management LLCBought 8,072 shares on 5/16/2023Ownership: 1.636%AQR Capital Management LLCBought 607 shares on 5/16/2023Ownership: 0.317%First Trust Advisors LPBought 1,557 shares on 5/16/2023Ownership: 0.215%Susquehanna International Group LLPBought 3,789 shares on 5/16/2023Ownership: 0.040%View All Insider TransactionsView All Institutional Transactions ARTNA Stock - Frequently Asked Questions How have ARTNA shares performed in 2023? Artesian Resources' stock was trading at $58.58 at the beginning of the year. Since then, ARTNA shares have decreased by 17.2% and is now trading at $48.50. View the best growth stocks for 2023 here. When is Artesian Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our ARTNA earnings forecast. How were Artesian Resources' earnings last quarter? Artesian Resources Co. (NASDAQ:ARTNA) issued its quarterly earnings results on Thursday, March, 9th. The utilities provider reported $0.24 EPS for the quarter. The utilities provider had revenue of $25.12 million for the quarter, compared to analyst estimates of $23 million. Artesian Resources had a net margin of 17.36% and a trailing twelve-month return on equity of 9.24%. How often does Artesian Resources pay dividends? What is the dividend yield for Artesian Resources? Artesian Resources announced a quarterly dividend on Tuesday, May 9th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.284 per share on Friday, May 26th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, May 18th. This is a positive change from the stock's previous quarterly dividend of $0.28. Read our dividend analysis for ARTNA. What ETFs hold Artesian Resources' stock? ETFs with the largest weight of Artesian Resources (NASDAQ:ARTNA) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA), First Trust Dow Jones Select Microcap Index Fund (FDM), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), Global X Clean Water ETF (AQWA), Invesco Water Resources ETF (PHO), Fidelity MSCI Utilities Index ETF (FUTY), Is Artesian Resources a good dividend stock? Artesian Resources (NASDAQ:ARTNA) pays an annual dividend of $1.14 per share and currently has a dividend yield of 2.06%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 62.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ARTNA will have a dividend payout ratio of 53.02% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ARTNA. What is Dian C. Taylor's approval rating as Artesian Resources' CEO? 7 employees have rated Artesian Resources Chief Executive Officer Dian C. Taylor on Glassdoor.com. Dian C. Taylor has an approval rating of 48% among the company's employees. This puts Dian C. Taylor in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 46.0% of employees surveyed would recommend working at Artesian Resources to a friend. What is Artesian Resources' stock symbol? Artesian Resources trades on the NASDAQ under the ticker symbol "ARTNA." Who are Artesian Resources' major shareholders? Artesian Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.66%), Renaissance Technologies LLC (3.10%), Dimensional Fund Advisors LP (2.54%), State Street Corp (2.04%), Costello Asset Management INC (1.89%) and KBC Group NV (1.69%). Insiders that own company stock include Dian C Taylor, Dian C Taylor, John R Eisenbrey Jr, Kenneth R Biederman, Nicholle Renee Taylor and Pierre A Anderson. View institutional ownership trends. How do I buy shares of Artesian Resources? Shares of ARTNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Artesian Resources' stock price today? One share of ARTNA stock can currently be purchased for approximately $48.50. How much money does Artesian Resources make? Artesian Resources (NASDAQ:ARTNA) has a market capitalization of $461.24 million and generates $98.90 million in revenue each year. The utilities provider earns $18 million in net income (profit) each year or $1.81 on an earnings per share basis. How many employees does Artesian Resources have? The company employs 245 workers across the globe. How can I contact Artesian Resources? Artesian Resources' mailing address is 664 CHURCHMANS RD, NEWARK DE, 19702. The official website for the company is www.artesianwater.com. The utilities provider can be reached via phone at (302) 453-6900, via email at ntaylor@artesianwater.com, or via fax at 302-453-6957. This page (NASDAQ:ARTNA) was last updated on 5/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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