Shares of Delta Natural Gas Co. (NASDAQ:DGAS) have earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also given Delta Natural Gas an industry rank of 112 out of 265 based on the ratings given to its competitors.
Several equities analysts have commented on DGAS shares. Zacks Investment Research raised shares of Delta Natural Gas from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. TheStreet cut shares of Delta Natural Gas from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd.
Several institutional investors have recently bought and sold shares of DGAS. Vanguard Group Inc. boosted its position in Delta Natural Gas by 4.1% in the second quarter. Vanguard Group Inc. now owns 299,091 shares of the company’s stock valued at $8,057,000 after buying an additional 11,874 shares in the last quarter. BlackRock Fund Advisors boosted its position in Delta Natural Gas by 796.5% in the second quarter. BlackRock Fund Advisors now owns 184,008 shares of the company’s stock valued at $4,957,000 after buying an additional 163,483 shares in the last quarter. First Manhattan Co. boosted its position in Delta Natural Gas by 0.7% in the second quarter. First Manhattan Co. now owns 183,508 shares of the company’s stock valued at $4,943,000 after buying an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Delta Natural Gas by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 143,209 shares of the company’s stock valued at $3,858,000 after buying an additional 3,073 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Delta Natural Gas by 12.8% in the first quarter. Renaissance Technologies LLC now owns 76,286 shares of the company’s stock valued at $1,766,000 after buying an additional 8,685 shares in the last quarter. 33.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Delta Natural Gas (NASDAQ:DGAS) opened at 22.66 on Tuesday. Delta Natural Gas has a 12 month low of $20.30 and a 12 month high of $28.22. The company’s 50-day moving average price is $24.45 and its 200-day moving average price is $24.94. The firm has a market cap of $160.70 million, a P/E ratio of 28.98 and a beta of 0.54.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.2075 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.83 annualized dividend and a dividend yield of 3.66%. This is a boost from Delta Natural Gas’s previous quarterly dividend of $0.21. Delta Natural Gas’s dividend payout ratio (DPR) is currently 113.70%.
About Delta Natural Gas
Delta Natural Gas Company, Inc is engaged in distributing or transporting natural gas to approximately 36,000 customers. The Company operates in two segments: regulated segment and a non-regulated segment. Its distribution and transmission systems are located in central and southeastern Kentucky and it owns and operates an underground storage field in southeastern Kentucky.
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