SCHEDULE 13G/A: BlackRock Amends Stake in Artesian Resources, Maintains 9.8% Ownership

BlackRock, Inc. has filed an amended Schedule 13G, reaffirming its beneficial ownership of 9.8% of Artesian Resources Corp.'s Class A Common Stock as of December 31, 2024.

Summary

• BlackRock, Inc. reported beneficial ownership of 919,462 shares of Artesian Resources Corp.'s Class A Common Stock.
• This represents 9.8% of the total outstanding Class A Common Stock.
• BlackRock holds sole voting power over 919,046 shares and sole dispositive power over 919,462 shares.
• No shared voting or dispositive power was reported.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating a routine update to a previously disclosed significant stake.
• BlackRock, Inc. is classified as a parent holding company or control person for this filing.
• iShares U.S. Infrastructure ETF, a BlackRock entity, holds more than five percent of the total outstanding common stock of Artesian Resources Corp.
• Other BlackRock subsidiaries identified as holding securities include Aperio Group, LLC, BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, BlackRock Financial Management, Inc., and BlackRock Investment Management, LLC, with BlackRock Fund Advisors beneficially owning 5% or greater.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual, routine regulatory filing disclosing ownership, with no explicit positive or negative implications for the issuer's operations or financial performance.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Artesian Resources Corp.'s future performance or outlook.

Management Comments

• BlackRock, Inc. certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under SEC Rule 240.14a-11.

Industry Context

Artesian Resources Corp. operates in the utility sector, providing water and wastewater services. BlackRock, Inc. is one of the world's largest asset managers, and its significant stake in Artesian Resources reflects a typical institutional investment in a stable, regulated utility company, often for long-term income and stability.

Stakeholder Impact

• Shareholders: The filing confirms BlackRock's continued significant institutional ownership, which can be viewed as a vote of confidence by a major asset manager, potentially contributing to market stability for the stock.

Key Dates

Keywords

Artesian Resources Corp, BlackRock Inc, Schedule 13G, Class A Common Stock, Beneficial Ownership, Institutional Investor, Utility Sector, Investment Management, SEC Filing