Gas Natural Inc. (EGAS) Cut to Sell at Wunderlich
Shares of Gas Natural (NYSEMKT:EGAS) opened at 12.52 on Tuesday. The stock has a 50 day moving average of $8.19 and a 200-day moving average of $7.45. Gas Natural has a one year low of $6.50 and a one year high of $12.85. The stock has a market capitalization of $131.65 million, a P/E ratio of 56.14 and a beta of 0.03.
Gas Natural (NYSEMKT:EGAS) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $17.03 million for the quarter, compared to analyst estimates of $15.96 million. Equities analysts forecast that Gas Natural will post $0.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 13th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, October 11th. Gas Natural’s dividend payout ratio (DPR) is 136.37%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its position 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 worth $1,167,000 after buying an additional 154,500 shares during the period. Northpointe Capital LLC raised its position in Gas Natural by 35.1% in the second quarter. Northpointe Capital LLC now owns 245,923 shares of the company’s stock worth $1,719,000 after buying an additional 63,917 shares during the last quarter. Hennessy Advisors Inc. raised its position in Gas Natural by 26.4% in the third quarter. Hennessy Advisors Inc. now owns 66,010 shares of the company’s stock worth $506,000 after buying an additional 13,781 shares during the last quarter. Monarch Partners Asset Management LLC raised its position in Gas Natural by 23.1% in the second quarter. Monarch Partners Asset Management LLC now owns 27,700 shares of the company’s stock worth $194,000 after buying an additional 5,190 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Gas Natural by 1.2% in the second quarter. Vanguard Group Inc. now owns 331,364 shares of the company’s stock worth $2,317,000 after buying an additional 3,800 shares during the last quarter.
Gas Natural Company Profile
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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