Legal & General Group Plc Boosts Holdings in Rice Energy Inc (RICE)

Legal & General Group Plc boosted its stake in Rice Energy Inc (NYSE:RICE) by 22.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,943 shares of the oil and gas producer’s stock after acquiring an additional 13,552 shares during the quarter. Legal & General Group Plc’s holdings in Rice Energy were worth $2,111,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Great West Life Assurance Co. Can grew its stake in Rice Energy by 22.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 18,672 shares of the oil and gas producer’s stock valued at $496,000 after buying an additional 3,426 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Rice Energy by 6.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 682,510 shares of the oil and gas producer’s stock valued at $18,176,000 after buying an additional 38,621 shares during the last quarter. Rhumbline Advisers grew its stake in Rice Energy by 13.5% in the 2nd quarter. Rhumbline Advisers now owns 171,669 shares of the oil and gas producer’s stock valued at $4,572,000 after buying an additional 20,480 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Rice Energy by 92.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 15,414 shares of the oil and gas producer’s stock valued at $410,000 after buying an additional 7,384 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its stake in Rice Energy by 465.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 173,581 shares of the oil and gas producer’s stock valued at $4,622,000 after buying an additional 142,900 shares during the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

Rice Energy Inc (NYSE RICE) opened at $29.32 on Friday. Rice Energy Inc has a 52 week low of $18.30 and a 52 week high of $29.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $6,690.00, a price-to-earnings ratio of -23.65 and a beta of 1.57.

A number of research analysts have issued reports on RICE shares. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Mizuho restated a “hold” rating and set a $27.50 target price on shares of Rice Energy in a research report on Friday, October 27th. Royal Bank of Canada reiterated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Friday, September 29th. Scotiabank reiterated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Wednesday, October 4th. Finally, Jefferies Group set a $26.00 price target on shares of Rice Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Nineteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.58.

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About Rice Energy

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.

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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