Gas Natural Inc. (EGAS) Announces $0.08 Quarterly Dividend
Gas Natural Inc. (NYSEMKT:EGAS) announced a quarterly dividend on Wednesday, November 30th. Stockholders of record on Friday, December 16th will be paid a dividend of 0.075 per share on Friday, December 30th. This represents a $0.30 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, December 14th.
Shares of Gas Natural (NYSEMKT:EGAS) opened at 12.50 on Thursday. The stock’s 50 day moving average price is $12.48 and its 200 day moving average price is $8.64. Gas Natural has a one year low of $6.50 and a one year high of $12.85. The company has a market cap of $131.44 million, a PE ratio of 56.05 and a beta of 0.03.
Gas Natural (NYSEMKT:EGAS) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.10. The firm had revenue of $13.36 million for the quarter, compared to analyst estimates of $13.29 million. Equities analysts predict that Gas Natural will post $0.12 earnings per share for the current fiscal year.
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Separately, Wunderlich cut Gas Natural from a “buy” rating to a “sell” rating and set a $9.50 price objective for the company. in a report on Tuesday, October 11th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Gas Natural by 4.3% in the second quarter. Janney Montgomery Scott LLC now owns 14,420 shares of the company’s stock worth $107,000 after buying an additional 594 shares during the period. Franklin Resources Inc. increased its stake in shares of Gas Natural by 1,236.0% in the second quarter. Franklin Resources Inc. now owns 167,000 shares of the company’s stock valued at $1,167,000 after buying an additional 154,500 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Gas Natural by 1.2% in the second quarter. Vanguard Group Inc. now owns 331,364 shares of the company’s stock valued at $2,317,000 after buying an additional 3,800 shares during the period.
About Gas Natural
Gas Natural Inc is a natural gas company. The Company operates through three segments: Natural Gas; Marketing and Production, and Corporate and Other. The Natural Gas segment annually distributes approximately 20 billion cubic feet of natural gas to its customers through regulated utilities operating in Maine, Montana, North Carolina and Ohio.
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