Delta Natural Gas Company, Inc. (NASDAQ:DGAS) Position Increased by Chicago Capital Management LLC

Chicago Capital Management LLC raised its position in Delta Natural Gas Company, Inc. (NASDAQ:DGAS) by 23.3% during the second quarter, Holdings Channel reports. The institutional investor owned 172,723 shares of the utilities provider’s stock after buying an additional 32,632 shares during the period. Delta Natural Gas accounts for approximately 1.2% of Chicago Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Chicago Capital Management LLC’s holdings in Delta Natural Gas were worth $5,263,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American International Group Inc. boosted its stake in shares of 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 worth $128,000 after buying an additional 290 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Delta Natural Gas by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 147,890 shares of the utilities provider’s stock worth $4,488,000 after buying an additional 392 shares in the last quarter. Teachers Advisors LLC boosted its stake 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 in the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Delta Natural Gas by 3.8% in the first quarter. Geode Capital Management LLC now owns 36,404 shares of the utilities provider’s stock worth $1,104,000 after buying an additional 1,349 shares in the last quarter. Hedge funds and other institutional investors own 35.47% of the company’s stock.

Delta Natural Gas Company, Inc. (NASDAQ:DGAS) traded down 0.52% during mid-day trading on Monday, hitting $30.43. 4,134 shares of the stock traded hands. The firm has a market cap of $216.91 million, a price-to-earnings ratio of 34.38 and a beta of 0.56. The stock has a 50-day moving average of $30.22 and a 200 day moving average of $29.43. Delta Natural Gas Company, Inc. has a 1-year low of $22.06 and a 1-year high of $31.29.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, June 28th. Delta Natural Gas’s payout ratio is currently 93.26%.

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Separately, Zacks Investment Research cut shares of Delta Natural Gas from a “buy” rating to a “hold” rating in a research note 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.

Want to see what other hedge funds are holding DGAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Natural Gas Company, Inc. (NASDAQ:DGAS).

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

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