#4 - Artesian Resources (NASDAQ:ARTNA)
Investors don't typically view utility stocks as growth stocks. But when they're trading at 52-week lows, even value-oriented investors can find them hard to pass up. That's the case with Artesian Resources Corp. (NASDAQ: ARTNA). At the end of 2023, the company provided water, wastewater, and other services to approximately 98,000 customers across 1,470 miles of transmission and distribution mains in Delaware, Maryland, and Pennsylvania.
The stock is down 17.5% in 2024, but nothing in the company's earnings looks too alarming. What may concern investors is the investment Artesian is required to make to ensure compliance with Environmental Protection Agency (EPA) regulations for the treatment of PFAS (i.e., forever chemicals).
The company says it's well prepared to meet those requirements. Once the market catches on to that, ARTNA stock will likely look like a buy since it's trading at 52-week lows and five-year lows. Investors get a dividend that has increased for the last six years and currently has a 3.46% yield.
About Artesian Resources
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
Read More - Current Price
- $37.35
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
