Artesian Resources ( (ARTNA) ) has provided an announcement.
On April 4, 2025, Artesian Water Company filed a request with the Delaware Public Service Commission to implement new customer rates aimed at increasing revenue by 12.41%, or approximately $10.8 million annually. The proposed rate changes are intended to support ongoing capital improvements and cover rising operational costs. Customers would see an incremental increase of 10.75% due to adjustments in the Distribution System Infrastructure Charge. Temporary rates may be applied 60 days post-application acceptance, pending final approval.
Spark’s Take on ARTNA Stock
According to Spark, TipRanks’ AI Analyst, ARTNA is a Outperform.
Artesian Resources achieves a strong overall score driven by its solid financial performance, characterized by robust profitability and improved cash flow management. The company’s stable technical indicators and fair valuation further support its market position. The stock is well-positioned for sustainable growth, particularly appealing to investors seeking stability and income in the regulated water industry.
To see Spark’s full report on ARTNA stock, click here.
More about Artesian Resources
Artesian Resources Corporation operates primarily in the water utility industry through its principal subsidiary, Artesian Water Company, Inc. The company focuses on providing water services and infrastructure improvements, with a market focus on Delaware.
YTD Price Performance: 2.89%
Average Trading Volume: 43,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: $331.8M
For an in-depth examination of ARTNA stock, go to TipRanks’ Stock Analysis page.