ARTESIAN RESOURCES CORP (ARTNA)

Water Supply

Latest Price

$35.33

TTM P/E

15.72

Normalized P/E

18.23

Div Yield

3.50%

Book Value

24.83

P/B Ratio

1.42

Valuation metrics

EPS: $2.21

Book value / share: $24.24

Formula: √(22.5 × EPS × BVPS)

Graham Number

$34.72

2% downside

EPS: $2.21

Target P/E: 18×

Formula: EPS × P/E

P/E Fair Value

$39.78

+13% upside

49.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
T. Rowe Price Investment Management, Inc.	912.2K	$31.0M	8.84%	+4.5K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	399.3K	$13.0M	3.87%	+10.9K	2026-06-30
RENAISSANCE TECHNOLOGIES LLC	301.2K	$10.0M	2.92%	-19.3K	2026-06-30
BlackRock, Inc.	209.3K	$7.0M	2.03%	+38.6K	2026-06-30
MORGAN STANLEY	207.6K	$7.0M	2.01%	+11.7K	2026-06-30
ADAGE CAPITAL PARTNERS GP, L.L.C.	200.0K	$6.0M	1.94%	--	2026-06-30
DIMENSIONAL FUND ADVISORS LP	192.2K	$6.0M	1.86%	+2.3K	2026-06-30
TWO SIGMA INVESTMENTS, LP	183.0K	$6.0M	1.77%	--	2026-06-30
Kestra Advisory Services, LLC	165.3K	$5.0M	1.60%	-1.2K	2026-06-30
Prospera Financial Services Inc	157.0K	$5.0M	1.52%	-895	2026-06-30