Artesian Resources (NASDAQ:ARTNA) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Posted by Brenda Bartman on May 22nd, 2026

Artesian Resources Corporation (NASDAQ:ARTNA – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.34 and traded as high as $32.48. Artesian Resources shares last traded at $32.33, with a volume of 43,576 shares trading hands.

Analysts Set New Price Targets

ARTNA has been the topic of a number of research reports. Weiss Ratings cut Artesian Resources from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Zacks Research upgraded Artesian Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on Artesian Resources

Artesian Resources Stock Up 1.1%

The business has a 50-day simple moving average of $32.01 and a two-hundred day simple moving average of $32.34. The stock has a market capitalization of $333.65 million, a P/E ratio of 14.31 and a beta of 0.33. The company has a quick ratio of 0.89, a current ratio of 1.01 and a debt-to-equity ratio of 0.73.

Artesian Resources (NASDAQ:ARTNA – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Artesian Resources had a return on equity of 9.61% and a net margin of 20.86%.The firm had revenue of $27.77 million for the quarter, compared to analysts’ expectations of $27.00 million.

Artesian Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, May 15th. Artesian Resources’s dividend payout ratio (DPR) is currently 56.64%.

Institutional Trading of Artesian Resources

A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Artesian Resources by 0.7% in the third quarter. Russell Investments Group Ltd. now owns 54,675 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 392 shares during the period. Jones Financial Companies Lllp grew its position in Artesian Resources by 39.7% in the third quarter. Jones Financial Companies Lllp now owns 1,435 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 408 shares during the period. Royal Bank of Canada grew its position in Artesian Resources by 9.0% in the fourth quarter. Royal Bank of Canada now owns 5,813 shares of the utilities provider’s stock valued at $183,000 after acquiring an additional 480 shares during the period. Osaic Holdings Inc. grew its position in Artesian Resources by 44.6% in the second quarter. Osaic Holdings Inc. now owns 1,632 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 503 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Artesian Resources by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 62,269 shares of the utilities provider’s stock valued at $1,968,000 after acquiring an additional 581 shares during the period. 57.37% of the stock is currently owned by institutional investors.

Artesian Resources Company Profile

(Get Free Report)

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.