Artesian Resources (ARTNA) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.44 per share a year ago.
Water stocks don't really need much in terms of fundamental justification. It's the one resource that is easily the most precious.
Artesian Resources is a Dividend Champion that doesn't get a lot of attention. The relatively positive resolution of its Delaware rate case means that solid growth should lie ahead for the foreseeable future. ARTNA's interest coverage ratio improved to 3 in the first quarter.