Zacks: Delta Natural Gas Company, Inc. (DGAS) Given Average Rating of “Hold” by Analysts
Shares of Delta Natural Gas Company, Inc. (NASDAQ:DGAS) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Delta Natural Gas an industry rank of 56 out of 265 based on the ratings given to related companies.
Separately, ValuEngine upgraded shares of Delta Natural Gas from a “hold” rating to a “buy” rating in a research report on Friday, September 8th.
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Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. lifted its holdings in shares of Delta Natural Gas by 7.4% in the 1st quarter. American International Group Inc. now owns 4,217 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 290 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Delta Natural Gas by 205.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,280 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 2,880 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Delta Natural Gas in the 2nd quarter worth approximately $233,000. Public Employees Retirement System of Ohio bought a new stake in shares of Delta Natural Gas in the 2nd quarter worth approximately $342,000. Finally, Teachers Advisors LLC lifted its holdings in shares of Delta Natural Gas by 9.0% in the 4th quarter. Teachers Advisors LLC now owns 11,777 shares of the utilities provider’s stock worth $345,000 after acquiring an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 37.40% of the company’s stock.
Shares of Delta Natural Gas (NASDAQ DGAS) traded up 0.07% during trading on Thursday, reaching $30.67. 3,498 shares of the company traded hands. Delta Natural Gas has a 12-month low of $22.06 and a 12-month high of $31.29. The stock has a market capitalization of $218.83 million, a PE ratio of 39.57 and a beta of 0.57. The firm’s 50-day moving average is $30.56 and its 200-day moving average is $30.36.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.187 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.75 annualized dividend and a yield of 2.44%. Delta Natural Gas’s payout ratio is presently 93.26%.
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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