Headlines about Artesian Resources Corporation (NASDAQ:ARTNA) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Artesian Resources Corporation earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 45.9466745463929 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Artesian Resources Corp. – Value Analysis (NASDAQ:ARTNA) : August 4, 2017 (finance.yahoo.com)
- Artesian Resources Corporation (NASDAQ:ARTNA) Plans $0.23 Quarterly Dividend (americanbankingnews.com)
- Artesian Resources posts 2Q profit (finance.yahoo.com)
- The York Water (YORW) vs. Artesian Resources Corporation (NASDAQ:ARTNA) Financial Contrast (americanbankingnews.com)
- Artesian Resources Corporation Reports 2017 Second Quarter and Year-to-Date Results and Announces Quarterly Dividend Declaration (finance.yahoo.com)
Artesian Resources Corporation (NASDAQ:ARTNA) opened at 38.87 on Tuesday. Artesian Resources Corporation has a 12-month low of $26.28 and a 12-month high of $41.90. The stock has a market capitalization of $356.17 million, a PE ratio of 26.62 and a beta of 0.10. The stock’s 50 day moving average is $38.55 and its 200 day moving average is $35.46.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 14th will be issued a $0.2317 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 10th. Artesian Resources Corporation’s dividend payout ratio is currently 63.27%.
Several research analysts have recently weighed in on the stock. BidaskClub cut shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research cut shares of Artesian Resources Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Hilliard Lyons cut shares of Artesian Resources Corporation from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Thursday, May 4th.
In related news, Director Kenneth R. Biederman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the completion of the transaction, the director now directly owns 19,875 shares of the company’s stock, valued at approximately $715,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Wyer sold 2,255 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $37.60, for a total transaction of $84,788.00. Following the completion of the transaction, the director now directly owns 17,755 shares of the company’s stock, valued at $667,588. The disclosure for this sale can be found here. Insiders sold a total of 26,905 shares of company stock valued at $1,075,757 over the last ninety days. 20.59% of the stock is currently owned by insiders.
Artesian Resources Corporation Company 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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