Delta Natural Gas Company, Inc. (NASDAQ:DGAS) Receives Average Rating of “Hold” from Brokerages
Delta Natural Gas Company, Inc. (NASDAQ:DGAS) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Zacks has also assigned Delta Natural Gas an industry rank of 102 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Delta Natural Gas from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th.
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Delta Natural Gas (DGAS) opened at 30.42 on Friday. The firm has a market capitalization of $216.83 million, a PE ratio of 34.37 and a beta of 0.56. Delta Natural Gas has a 1-year low of $22.06 and a 1-year high of $31.29. The firm’s 50-day moving average price is $30.40 and its 200-day moving average price is $29.60.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.2075 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.73%. Delta Natural Gas’s dividend payout ratio (DPR) is presently 93.26%.
Several institutional investors have recently made changes to their positions in the stock. Chicago Capital Management LLC bought a new position in shares of Delta Natural Gas during the first quarter worth $4,252,000. Gabelli Funds LLC raised its position in shares of Delta Natural Gas by 7.6% in the first quarter. Gabelli Funds LLC now owns 298,100 shares of the utilities provider’s stock worth $9,047,000 after buying an additional 21,100 shares during the period. Kassirer Asset Management Corp bought a new position in shares of Delta Natural Gas during the first quarter worth $592,000. Goldman Sachs Group Inc. bought a new position in shares of Delta Natural Gas during the first quarter worth $488,000. Finally, State Street Corp raised its position in shares of Delta Natural Gas by 13.9% in the fourth quarter. State Street Corp now owns 99,480 shares of the utilities provider’s stock worth $2,919,000 after buying an additional 12,166 shares during the period. Institutional investors own 35.92% 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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