Bank of New York Mellon Corp boosted its holdings in shares of Artesian Resources Corporation (NASDAQ:ARTNA) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,186 shares of the utilities provider’s stock after purchasing an additional 992 shares during the quarter. Bank of New York Mellon Corp owned about 1.11% of Artesian Resources Corporation worth $3,809,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in Artesian Resources Corporation by 35.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,700 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 5,200 shares during the period. AT Bancorp bought a new stake in Artesian Resources Corporation during the 2nd quarter valued at approximately $188,000. Janney Montgomery Scott LLC boosted its stake in Artesian Resources Corporation by 56.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,008 shares of the utilities provider’s stock valued at $828,000 after purchasing an additional 7,942 shares during the period. Strs Ohio boosted its stake in Artesian Resources Corporation by 5.9% during the 2nd quarter. Strs Ohio now owns 9,000 shares of the utilities provider’s stock valued at $338,000 after purchasing an additional 500 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Artesian Resources Corporation during the 2nd quarter valued at approximately $285,000. Hedge funds and other institutional investors own 39.87% of the company’s stock.
ARTNA has been the subject of several recent analyst reports. BidaskClub downgraded Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.
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Artesian Resources Corporation (NASDAQ ARTNA) opened at 39.69 on Friday. The firm has a 50-day moving average price of $37.56 and a 200 day moving average price of $37.29. The firm has a market cap of $364.67 million, a PE ratio of 27.18 and a beta of 0.09. Artesian Resources Corporation has a 12-month low of $26.83 and a 12-month high of $41.90.
Artesian Resources Corporation Profile
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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