Delta Natural Gas Company, Inc. (DGAS) Holdings Held by Hennessy Advisors Inc.
Hennessy Advisors Inc. maintained its stake in Delta Natural Gas Company, Inc. (NASDAQ:DGAS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,954 shares of the utilities provider’s stock at the end of the 2nd quarter. Hennessy Advisors Inc. owned 0.81% of Delta Natural Gas worth $1,766,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of DGAS. American International Group Inc. boosted its position in Delta Natural Gas by 7.4% during the first quarter. American International Group Inc. now owns 4,217 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 290 shares in the last quarter. Rhumbline Advisers bought a new stake in Delta Natural Gas during the second quarter valued at about $233,000. Teachers Advisors LLC boosted its position in Delta Natural Gas by 9.0% during the fourth quarter. Teachers Advisors LLC now owns 11,777 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 976 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Delta Natural Gas during the second quarter valued at about $396,000. Finally, Goldman Sachs Group Inc. bought a new stake in Delta Natural Gas during the first quarter valued at about $488,000. 37.40% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Delta Natural Gas from a “hold” rating to a “buy” rating in a research report on Friday.
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Shares of Delta Natural Gas Company, Inc. (NASDAQ:DGAS) opened at 30.62 on Monday. The company has a market cap of $218.26 million, a P/E ratio of 34.60 and a beta of 0.57. Delta Natural Gas Company, Inc. has a 12 month low of $22.06 and a 12 month high of $31.29. The company’s 50-day moving average price is $30.54 and its 200-day moving average price is $30.36.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Tuesday, September 19th will be paid a dividend of $0.187 per share. The ex-dividend date is Monday, September 18th. This represents a $0.75 annualized dividend and a yield of 2.44%. Delta Natural Gas’s payout ratio is 93.26%.
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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