RGC Resources (NASDAQ:RGCO – Get Free Report) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
RGC Resources Stock Performance
RGC Resources stock opened at $20.95 on Wednesday. RGC Resources has a 12-month low of $17.90 and a 12-month high of $24.20. The stock has a 50-day simple moving average of $20.89 and a 200 day simple moving average of $20.77. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $214.95 million, a price-to-earnings ratio of 18.06 and a beta of 0.17.
Institutional Trading of RGC Resources
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of RGC Resources by 5.6% during the 2nd 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 period. 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 raised its position in shares of RGC Resources by 257.3% during the 3rd quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock valued at $247,000 after acquiring an additional 7,879 shares during the last quarter. Fruth Investment Management lifted its stake 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 valued at $295,000 after purchasing an additional 1,198 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of RGC Resources by 4.6% in the 3rd 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 last quarter. 35.77% of the stock is owned by institutional investors.
About RGC Resources
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.
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