California State Teachers Retirement System lowered its stake in Rice Energy Inc (NYSE:RICE) by 9.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,362 shares of the oil and gas producer’s stock after selling 28,856 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Rice Energy worth $7,998,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RICE. Vivaldi Asset Management LLC acquired a new position in Rice Energy during the third quarter worth $28,077,000. Omni Partners LLP grew its holdings in Rice Energy by 514.3% during the third quarter. Omni Partners LLP now owns 2,876,151 shares of the oil and gas producer’s stock worth $83,236,000 after acquiring an additional 2,407,981 shares during the period. Mint Tower Capital Management B.V. acquired a new position in Rice Energy during the third quarter worth $2,026,000. JPMorgan Chase & Co. grew its holdings in Rice Energy by 33.7% during the third quarter. JPMorgan Chase & Co. now owns 1,738,655 shares of the oil and gas producer’s stock worth $50,160,000 after acquiring an additional 438,150 shares during the period. Finally, Legal & General Group Plc grew its holdings in Rice Energy by 22.8% during the third quarter. Legal & General Group Plc now owns 72,943 shares of the oil and gas producer’s stock worth $2,111,000 after acquiring an additional 13,552 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rice Energy Inc (NYSE:RICE) opened at $29.32 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. Rice Energy Inc has a 12-month low of $18.30 and a 12-month high of $29.72. The stock has a market capitalization of $6,690.00, a price-to-earnings ratio of -23.65 and a beta of 1.57.

A number of research analysts recently weighed in on the company. 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 Rice Energy and gave the stock a “buy” rating in a report on Wednesday, October 18th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group set a $26.00 target price on Rice Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub downgraded Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Nineteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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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