Schwab Charles Investment Management Inc. continued to hold its stake in Delta Natural Gas Company, Inc. (NASDAQ:DGAS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,491 shares of the utilities provider’s stock at the close of the first quarter. Schwab Charles Investment Management Inc. owned approximately 0.19% of Delta Natural Gas worth $410,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Teachers Advisors LLC raised its holdings in shares of Delta Natural Gas by 9.0% in the fourth quarter. Teachers Advisors LLC now owns 11,777 shares of the utilities provider’s stock worth $345,000 after buying an additional 976 shares during the period. Bank of New York Mellon Corp increased its holdings in Delta Natural Gas by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 65,273 shares of the utilities provider’s stock worth $1,982,000 after purchasing an additional 2,156 shares during the period. Gabelli Funds LLC increased its holdings in Delta Natural Gas by 7.6% during the 1st quarter. Gabelli Funds LLC now owns 298,100 shares of the utilities provider’s stock worth $9,047,000 after purchasing an additional 21,100 shares during the period. Kassirer Asset Management Corp purchased a new position in Delta Natural Gas during the 1st quarter worth $592,000. Finally, American International Group Inc. increased its holdings in Delta Natural Gas by 7.4% during the 1st quarter. American International Group Inc. now owns 4,217 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 36.84% of the company’s stock.
Separately, ValuEngine upgraded Delta Natural Gas from a “hold” rating to a “buy” rating in a research note on Friday, September 8th.
Delta Natural Gas Company, Inc. (DGAS) opened at 30.69 on Friday. The stock has a market cap of $218.97 million, a price-to-earnings ratio of 39.60 and a beta of 0.57. The company has a 50 day moving average price of $30.58 and a 200 day moving average price of $30.37. Delta Natural Gas Company, Inc. has a 52 week low of $22.06 and a 52 week high of $31.29.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Tuesday, September 19th will be given a dividend of $0.187 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Monday, September 18th. Delta Natural Gas’s payout ratio is presently 84.27%.
Delta Natural Gas 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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