The Teacher Retirement System of Texas Increases Stake in Rice Energy Inc. (RICE)

The Teacher Retirement System of Texas Increases Stake in Rice Energy Inc. (RICE)

Teacher Retirement System of Texas boosted its stake in Rice Energy Inc. (NYSE:RICE) by 95.8% during the second quarter, Holdings Channel reports. The fund owned 16,342 shares of the company’s stock after buying an additional 7,997 shares during the period. Teacher Retirement System of Texas’ holdings in Rice Energy were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RICE. Boston Partners increased its position in Rice Energy by 14.7% in the second quarter. Boston Partners now owns 4,908,066 shares of the company’s stock valued at $108,174,000 after buying an additional 628,782 shares during the last quarter. JVL Advisors L.L.C. increased its position in Rice Energy by 9.9% in the first quarter. JVL Advisors L.L.C. now owns 2,301,529 shares of the company’s stock valued at $32,129,000 after buying an additional 207,400 shares during the last quarter. Victory Capital Management Inc. increased its position in Rice Energy by 339.5% in the second quarter. Victory Capital Management Inc. now owns 1,960,192 shares of the company’s stock valued at $43,203,000 after buying an additional 1,514,166 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Rice Energy during the first quarter valued at $24,779,000. Finally, Stephens Investment Management Group LLC increased its position in Rice Energy by 6.7% in the second quarter. Stephens Investment Management Group LLC now owns 1,692,705 shares of the company’s stock valued at $37,307,000 after buying an additional 106,660 shares during the last quarter. Institutional investors own 76.44% of the company’s stock.

Rice Energy Inc. (NYSE:RICE) traded down 0.26% during trading on Wednesday, hitting $27.27. The stock had a trading volume of 182,652 shares. The stock’s market cap is $4.27 billion. Rice Energy Inc. has a 12 month low of $7.92 and a 12 month high of $29.36. The stock has a 50 day moving average price of $26.78 and a 200-day moving average price of $21.78.

Rice Energy (NYSE:RICE) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The firm had revenue of $116 million for the quarter, compared to analyst estimates of $180.12 million. During the same period in the prior year, the firm posted $0.03 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Rice Energy Inc. will post $0.04 EPS for the current year.

Several brokerages have commented on RICE. Zacks Investment Research downgraded Rice Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Deutsche Bank AG raised their target price on Rice Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, June 14th. Barclays PLC raised their target price on Rice Energy from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 14th. RBC Capital Markets restated a “buy” rating and issued a $30.00 target price (up previously from $29.00) on shares of Rice Energy in a research note on Monday, October 3rd. Finally, Johnson Rice restated a “hold” rating on shares of Rice Energy in a research note on Wednesday, September 28th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Rice Energy has a consensus rating of “Buy” and a consensus target price of $26.96.

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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