Delta Natural Gas Co. (DGAS) Plans Quarterly Dividend of $0.21
Delta Natural Gas Co. (NASDAQ:DGAS) declared a quarterly dividend on Friday, November 18th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.2075 per share on Thursday, December 15th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Tuesday, November 29th.
Delta Natural Gas (NASDAQ:DGAS) opened at 25.54 on Monday. Delta Natural Gas has a 12 month low of $20.30 and a 12 month high of $28.22. The stock’s 50 day moving average is $23.44 and its 200-day moving average is $24.80. The firm has a market capitalization of $181.74 million, a price-to-earnings ratio of 32.33 and a beta of 0.58.
Separately, TheStreet lowered shares of Delta Natural Gas from a “buy” rating to a “hold” rating in a research note on Friday, September 2nd.
Institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors raised 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 during the last quarter. State Street Corp bought a new position in Delta Natural Gas during the second quarter valued at $1,967,000. Northern Trust Corp raised its position in Delta Natural Gas by 123.6% in the third quarter. Northern Trust Corp now owns 81,074 shares of the company’s stock valued at $1,933,000 after buying an additional 44,810 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Delta Natural Gas by 440.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 53,038 shares of the company’s stock valued at $1,429,000 after buying an additional 43,230 shares during the last quarter. Finally, Lebenthal Asset Management LLC bought a new position in Delta Natural Gas during the second quarter valued at $1,078,000. Institutional investors own 33.86% of the company’s stock.
About Delta Natural Gas
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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