American International Group Inc. boosted its position in Delta Natural Gas Company, Inc. (NASDAQ:DGAS) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,217 shares of the utilities provider’s stock after buying an additional 290 shares during the period. American International Group Inc.’s holdings in Delta Natural Gas were worth $128,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Delta Natural Gas by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,700 shares of the utilities provider’s stock worth $2,044,000 after buying an additional 1,200 shares during the last quarter. Gabelli Funds LLC increased its stake in 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 last quarter. Hennessy Advisors Inc. increased its stake in Delta Natural Gas by 3.9% in the first quarter. Hennessy Advisors Inc. now owns 57,954 shares of the utilities provider’s stock worth $1,759,000 after buying an additional 2,185 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Delta Natural Gas by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 147,498 shares of the utilities provider’s stock worth $4,326,000 after buying an additional 659 shares during the last quarter. Finally, State Street Corp increased its stake in 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 last quarter. Institutional investors and hedge funds own 35.81% of the company’s stock.

Shares of Delta Natural Gas Company, Inc. (DGAS) opened at 30.48 on Tuesday. Delta Natural Gas Company, Inc. has a 12-month low of $22.06 and a 12-month high of $31.29. The firm has a market capitalization of $217.26 million, a P/E ratio of 34.44 and a beta of 0.56. The stock’s 50 day moving average price is $30.40 and its 200-day moving average price is $29.66.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.2075 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.83 dividend on an annualized basis and a yield of 2.72%. Delta Natural Gas’s payout ratio is 93.26%.

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Separately, Zacks Investment Research downgraded Delta Natural Gas from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th.

Delta Natural Gas Company 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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Institutional Ownership by Quarter for Delta Natural Gas (NASDAQ:DGAS)

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