Delta Natural Gas Company, Inc. (NASDAQ:DGAS) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also given Delta Natural Gas an industry rank of 74 out of 265 based on the ratings given to related companies.
Separately, ValuEngine raised shares of Delta Natural Gas from a “hold” rating to a “buy” rating in a research report on Friday, September 8th.
Delta Natural Gas (NASDAQ:DGAS) traded up 0.03% during trading on Thursday, hitting $30.69. 28,353 shares of the stock traded hands. Delta Natural Gas has a one year low of $22.06 and a one year high of $31.29. The company has a market capitalization of $218.97 million, a P/E ratio of 39.86 and a beta of 0.57. The company’s 50 day moving average is $30.56 and its 200 day moving average is $30.36.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Tuesday, September 19th will be given a $0.187 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, September 18th. Delta Natural Gas’s dividend payout ratio (DPR) is currently 93.26%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Delta Natural Gas by 0.5% in the first quarter. Vanguard Group Inc. now owns 302,672 shares of the utilities provider’s stock valued at $9,186,000 after purchasing an additional 1,523 shares in the last quarter. Gabelli Funds LLC grew its position in Delta Natural Gas by 7.6% in the first quarter. Gabelli Funds LLC now owns 298,100 shares of the utilities provider’s stock valued at $9,047,000 after purchasing an additional 21,100 shares in the last quarter. Chicago Capital Management LLC grew its position in Delta Natural Gas by 23.3% in the second quarter. Chicago Capital Management LLC now owns 172,723 shares of the utilities provider’s stock valued at $5,263,000 after purchasing an additional 32,632 shares in the last quarter. Wells Fargo & Company MN grew its position in Delta Natural Gas by 1.1% in the second quarter. Wells Fargo & Company MN now owns 154,518 shares of the utilities provider’s stock valued at $4,709,000 after purchasing an additional 1,701 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Delta Natural Gas by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 147,890 shares of the utilities provider’s stock valued at $4,488,000 after purchasing an additional 392 shares in the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.
Delta Natural Gas Company Profile
Delta Natural Gas Company, Inc distributes or transports natural gas to approximately 36,000 customers. The Company’s segments include regulated segment and non-regulated segment. Through regulated segment, the Company distributes natural gas to its retail customers in approximately 23 rural counties.
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