RGC Resources (NASDAQ:RGCO) Stock Rating Upgraded by StockNews.com

RGC Resources (NASDAQ:RGCO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

RGC Resources Trading Down 0.5 %

RGCO opened at $20.80 on Friday. RGC Resources has a 1-year low of $17.51 and a 1-year high of $24.20. The firm has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $20.76. The stock has a market capitalization of $212.56 million, a PE ratio of 17.93 and a beta of 0.17. The company has a current ratio of 1.07, a quick ratio of 0.69 and a debt-to-equity ratio of 1.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of RGC Resources by 5.6% during the second quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock worth $191,000 after buying an additional 497 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of RGC Resources by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,680 shares of the energy company’s stock valued at $217,000 after acquiring an additional 539 shares during the last quarter. Barclays PLC lifted its stake in shares of RGC Resources by 257.3% in the 3rd quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock valued at $247,000 after purchasing an additional 7,879 shares during the period. Fruth Investment Management boosted its position in shares of RGC Resources by 10.1% in the 3rd quarter. Fruth Investment Management now owns 13,100 shares of the energy company’s stock worth $295,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of RGC Resources by 4.6% during the third quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock worth $590,000 after purchasing an additional 1,161 shares during the period. 35.77% of the stock is currently owned by institutional investors and hedge funds.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.