Atlantic Trust Group LLC Buys New Holdings in Rice Energy Inc (RICE)

Atlantic Trust Group LLC bought a new stake in Rice Energy Inc (NYSE:RICE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 214,431 shares of the oil and gas producer’s stock, valued at approximately $6,206,000. Atlantic Trust Group LLC owned 0.09% of Rice Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RICE. Great West Life Assurance Co. Can grew its holdings in Rice Energy by 22.5% in the second 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 purchasing an additional 3,426 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Rice Energy by 6.0% in the second 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 purchasing an additional 38,621 shares during the period. Rhumbline Advisers grew its holdings in Rice Energy by 13.5% in the second quarter. Rhumbline Advisers now owns 171,669 shares of the oil and gas producer’s stock valued at $4,572,000 after purchasing an additional 20,480 shares during the period. Advisors Asset Management Inc. grew its holdings in Rice Energy by 92.0% in the second quarter. Advisors Asset Management Inc. now owns 15,414 shares of the oil and gas producer’s stock valued at $410,000 after purchasing an additional 7,384 shares during the period. Finally, State of Wisconsin Investment Board grew its holdings in Rice Energy by 465.8% in the second 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 purchasing an additional 142,900 shares during the period. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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

A number of research firms recently issued reports on RICE. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank of Canada restated a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a report on Friday, September 29th. Scotiabank restated a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a report on Wednesday, October 4th. Jefferies Group set a $26.00 target price on shares of Rice Energy and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.58.

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Rice Energy 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.

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

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