ARTNA - Artesian Resources Is An Attractive Investment Opportunity
2024-01-31 13:42:02 ET
Summary
- Artesian Resources Corporation is a holding company that provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania.
- The company's revenue growth has been lower in recent years, but it has potential for growth due to population growth and potential rate increases.
- Falling inflation rates and potential interest rate cuts could benefit the company's operating costs and dividend payments.
Morningstar.com
Business Overview:
Founded in 1927, Artesian Resources (ARTNA) (ARTNB) is a Delaware-based holding company providing water, wastewater, and other services across Delaware, Maryland, and Pennsylvania. Its subsidiary, Artesian Water Company, boasts the title of oldest and largest investor-owned water utility on the Delmarva Peninsula, serving over a third of Delawareans with 8.7 billion gallons of water annually. While Delaware houses the majority of ARTNA's assets, it also has smaller operations in Pennsylvania and Maryland....
Artesian Resources Is An Attractive Investment Opportunity