Barclays PLC Has $247,000 Stake in RGC Resources, Inc. (NASDAQ:RGCO)

Barclays PLC raised its holdings in RGC Resources, Inc. (NASDAQ:RGCO) by 257.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 0.11% of RGC Resources worth $247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Gabelli Funds LLC boosted its stake in shares of RGC Resources by 16.4% in the second quarter. Gabelli Funds LLC now owns 224,206 shares of the energy company’s stock valued at $4,585,000 after buying an additional 31,651 shares during the period. Geode Capital Management LLC raised its holdings in RGC Resources by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company’s stock valued at $4,429,000 after acquiring an additional 7,701 shares in the last quarter. State Street Corp lifted its position in shares of RGC Resources by 0.6% during the 3rd 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. Cerity Partners LLC grew its holdings in shares of RGC Resources by 4.6% during 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 in the last quarter. Finally, Rhumbline Advisers increased its position in shares of RGC Resources by 5.6% in the second quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock worth $191,000 after purchasing an additional 497 shares during the period. Institutional investors and hedge funds own 35.77% of the company’s stock.

RGC Resources Stock Performance

Shares of NASDAQ:RGCO opened at $20.86 on Tuesday. RGC Resources, Inc. has a 1 year low of $17.90 and a 1 year high of $24.20. The stock has a market capitalization of $214.02 million, a price-to-earnings ratio of 17.98 and a beta of 0.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.52. The company’s 50 day simple moving average is $20.43 and its 200 day simple moving average is $20.75.

RGC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Friday, January 17th will be paid a $0.2075 dividend. This is a positive change from RGC Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.83 annualized dividend and a dividend yield of 3.98%. RGC Resources’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of RGC Resources from a “hold” rating to a “sell” rating in a research report on Thursday, December 19th.

RGC Resources 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.