Barclays PLC Acquires 7,879 Shares of RGC Resources, Inc. (NASDAQ:RGCO)

Barclays PLC lifted its holdings in RGC Resources, Inc. (NASDAQ:RGCO) by 257.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,941 shares of the energy company’s stock after purchasing an additional 7,879 shares during the period. Barclays PLC owned 0.11% of RGC Resources worth $247,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rhumbline Advisers increased its stake in RGC Resources by 5.6% during the second quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock valued at $191,000 after acquiring an additional 497 shares during the period. Fruth Investment Management increased its stake in RGC Resources by 10.1% during the third quarter. Fruth Investment Management now owns 13,100 shares of the energy company’s stock valued at $295,000 after acquiring an additional 1,198 shares during the period. Cerity Partners LLC increased its stake in RGC Resources by 4.6% during the third quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock valued at $590,000 after acquiring an additional 1,161 shares during the period. Renaissance Technologies LLC increased its stake in RGC Resources by 1.4% during the second quarter. Renaissance Technologies LLC now owns 43,433 shares of the energy company’s stock valued at $888,000 after acquiring an additional 600 shares during the period. Finally, State Street Corp increased its stake in RGC Resources by 0.6% during the third quarter. State Street Corp now owns 104,929 shares of the energy company’s stock valued at $2,368,000 after acquiring an additional 592 shares during the period. 35.77% of the stock is currently owned by institutional investors.

RGC Resources Trading Up 0.2 %

Shares of RGCO opened at $20.04 on Monday. RGC Resources, Inc. has a 12-month low of $17.90 and a 12-month high of $24.20. 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 firm has a market capitalization of $205.67 million, a price-to-earnings ratio of 17.28 and a beta of 0.18. The stock’s 50-day moving average price is $20.68 and its 200 day moving average price is $20.74.

RGC Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 4.14%. This is an increase from RGC Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 17th. RGC Resources’s payout ratio is presently 71.55%.

Analysts Set New Price Targets

Separately, StockNews.com lowered RGC Resources from a “hold” rating to a “sell” rating in a research note on Thursday, December 19th.

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.