Shares of Delta Natural Gas Company, Inc. (NASDAQ:DGAS) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also given Delta Natural Gas an industry rank of 56 out of 265 based on the ratings given to its competitors.

Shares of Delta Natural Gas (NASDAQ:DGAS) traded up 0.07% during trading on Friday, reaching $30.47. 10,288 shares of the company were exchanged. Delta Natural Gas has a 1-year low of $22.06 and a 1-year high of $31.29. The company has a market capitalization of $217.34 million, a price-to-earnings ratio of 34.62 and a beta of 0.56. The stock’s 50 day moving average is $30.44 and its 200 day moving average is $29.80.

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

A number of institutional investors have recently added to or reduced their stakes in DGAS. American International Group Inc. raised its position in Delta Natural Gas by 7.4% in the first quarter. American International Group Inc. now owns 4,217 shares of the utilities provider’s stock valued at $128,000 after buying an additional 290 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Delta Natural Gas by 205.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,280 shares of the utilities provider’s stock valued at $130,000 after buying an additional 2,880 shares during the period. Rhumbline Advisers acquired a new position in Delta Natural Gas during the second quarter valued at approximately $233,000. Teachers Advisors LLC raised its position in Delta Natural Gas by 9.0% in the fourth quarter. Teachers Advisors LLC now owns 11,777 shares of the utilities provider’s stock valued at $345,000 after buying an additional 976 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in Delta Natural Gas during the second quarter valued at approximately $396,000. Institutional investors and hedge funds own 35.81% of the company’s stock.

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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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