Delta Natural Gas Company, Inc. (NASDAQ:DGAS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Shares of Delta Natural Gas (NASDAQ DGAS) traded down 0.13% during midday trading on Friday, hitting $30.62. 5,247 shares of the company traded hands. Delta Natural Gas has a 52 week low of $22.06 and a 52 week high of $31.29. The stock has a market capitalization of $218.26 million, a PE ratio of 34.60 and a beta of 0.57. The stock has a 50 day moving average of $30.54 and a 200-day moving average of $30.36.

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Several hedge funds have recently bought and sold shares of DGAS. American International Group Inc. increased its position in shares of Delta Natural Gas by 7.4% in the first quarter. American International Group Inc. now owns 4,217 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 290 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Delta Natural Gas by 205.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,280 shares of the utilities provider’s stock valued at $130,000 after acquiring an additional 2,880 shares during the last quarter. Rhumbline Advisers bought a new position in Delta Natural Gas during the second quarter valued at approximately $233,000. Public Employees Retirement System of Ohio bought a new position in Delta Natural Gas during the second quarter valued at approximately $342,000. Finally, Teachers Advisors LLC grew its position in Delta Natural Gas by 9.0% during the fourth quarter. Teachers Advisors LLC now owns 11,777 shares of the utilities provider’s stock valued at $345,000 after acquiring an additional 976 shares during the last quarter. Institutional investors own 37.40% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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