Artesian Resources Co. (NASDAQ:ARTNA) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in shares of Artesian Resources Co. (NASDAQ:ARTNA) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,136 shares of the utilities provider’s stock after selling 866 shares during the period. AlphaQuest LLC’s holdings in Artesian Resources were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Foundry Partners LLC grew its position in Artesian Resources by 12.2% in the 3rd quarter. Foundry Partners LLC now owns 143,470 shares of the utilities provider’s stock valued at $5,334,000 after acquiring an additional 15,580 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Artesian Resources by 2.1% during the third 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Artesian Resources by 169.7% in the third quarter. JPMorgan Chase & Co. now owns 16,035 shares of the utilities provider’s stock valued at $596,000 after buying an additional 10,089 shares during the last quarter. State Street Corp raised its stake in Artesian Resources by 0.6% in the third quarter. State Street Corp now owns 66,146 shares of the utilities provider’s stock valued at $2,459,000 after buying an additional 384 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Artesian Resources during the 3rd quarter worth about $289,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Artesian Resources Trading Down 1.0 %

NASDAQ ARTNA opened at $31.97 on Friday. The firm’s fifty day moving average price is $31.27 and its 200 day moving average price is $33.60. The company has a market capitalization of $329.23 million, a price-to-earnings ratio of 16.39 and a beta of 0.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.22 and a quick ratio of 1.07. Artesian Resources Co. has a 12 month low of $29.45 and a 12 month high of $41.29.

Artesian Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.3014 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.77%. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 7th. Artesian Resources’s payout ratio is 61.54%.

Artesian Resources Profile

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.