Schwab Charles Investment Management Inc. Decreases Position in Rice Energy Inc (NYSE:RICE)

Schwab Charles Investment Management Inc. lowered its stake in shares of Rice Energy Inc (NYSE:RICE) by 17.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 561,631 shares of the oil and gas producer’s stock after selling 120,879 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.25% of Rice Energy worth $16,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of RICE. Great West Life Assurance Co. Can increased its holdings 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 worth $496,000 after acquiring an additional 3,426 shares in the last quarter. Rhumbline Advisers increased its holdings 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 worth $4,572,000 after acquiring an additional 20,480 shares in the last quarter. Advisors Asset Management Inc. increased its holdings 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 worth $410,000 after acquiring an additional 7,384 shares in the last quarter. State of Wisconsin Investment Board increased its holdings 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 worth $4,622,000 after acquiring an additional 142,900 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Rice Energy by 13.0% during the 2nd quarter. Legal & General Group Plc now owns 59,391 shares of the oil and gas producer’s stock valued at $1,582,000 after buying an additional 6,848 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

RICE has been the subject of a number of research analyst reports. Mizuho reaffirmed a “hold” rating and set a $27.50 price objective on shares of Rice Energy in a report on Friday, October 27th. Cowen set a $30.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Rice Energy from a “buy” rating to a “hold” rating in a report on Friday, October 6th. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, 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. Nineteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rice Energy has an average rating of “Hold” and an average price target of $27.58.

Shares of Rice Energy Inc (NYSE RICE) remained flat at $$29.32 during trading on Friday. The firm has a market cap of $6,690.00, a PE ratio of -23.65 and a beta of 1.57. 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 12 month low of $18.30 and a 12 month high of $29.72.

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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.

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

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