Rice Energy Inc. (RICE) Stake Lessened by Miller Howard Investments Inc. NY
Miller Howard Investments Inc. NY lowered its stake in shares of Rice Energy Inc. (NYSE:RICE) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,837 shares of the oil and gas producer’s stock after selling 22,706 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.11% of Rice Energy worth $7,115,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of RICE. UBS Asset Management Americas Inc. lifted its position in shares of Rice Energy by 43.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 80,995 shares of the oil and gas producer’s stock valued at $1,920,000 after buying an additional 24,710 shares in the last quarter. Teachers Advisors LLC raised its stake in Rice Energy by 6.9% in the 1st quarter. Teachers Advisors LLC now owns 223,673 shares of the oil and gas producer’s stock valued at $5,301,000 after purchasing an additional 14,436 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Rice Energy by 17.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,221 shares of the oil and gas producer’s stock valued at $409,000 after purchasing an additional 2,603 shares during the last quarter. Legal & General Group Plc raised its stake in Rice Energy by 233.6% in the 1st quarter. Legal & General Group Plc now owns 52,543 shares of the oil and gas producer’s stock valued at $1,245,000 after purchasing an additional 36,794 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Rice Energy by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 12,702,462 shares of the oil and gas producer’s stock valued at $301,048,000 after purchasing an additional 397,428 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.
Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. During the same period in the prior year, the business earned ($1.07) EPS. The company’s quarterly revenue was up 155.3% on a year-over-year basis.
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A number of analysts have issued reports on RICE shares. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Cowen and Company set a $30.00 target price on Rice Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the company a “buy” rating in a report on Tuesday, August 8th. Stephens cut Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price for the company. in a report on Thursday, August 3rd. Finally, US Capital Advisors cut Rice Energy from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Nineteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.71.
Rice Energy Company Profile
Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.
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