RGC Resources (NASDAQ:RGCO - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report released on Wednesday.
RGC Resources Stock Performance
Shares of NASDAQ:RGCO traded down $0.55 on Wednesday, reaching $20.40. 24,655 shares of the company's stock were exchanged, compared to its average volume of 13,360. The company has a fifty day moving average of $20.87 and a 200-day moving average of $20.77. RGC Resources has a twelve month low of $17.90 and a twelve month high of $24.20. The company has a market capitalization of $209.37 million, a price-to-earnings ratio of 17.59 and a beta of 0.17. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 1.26.
Institutional Trading of RGC Resources
Several large investors have recently made changes to their positions in RGCO. Rhumbline Advisers boosted 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 acquiring an additional 497 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $217,000 after acquiring an additional 539 shares in the last quarter. Barclays PLC lifted its stake in 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 last quarter. Fruth Investment Management lifted its stake in 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 last quarter. Finally, Cerity Partners LLC lifted its stake in RGC Resources by 4.6% in the 3rd quarter. Cerity Partners LLC now owns 26,131 shares of the energy company's stock valued at $590,000 after purchasing an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 35.77% of the company's stock.
RGC Resources Company Profile
(
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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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