Shares of RGC Resources, Inc. (NASDAQ:RGCO - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.74 and traded as high as $22.76. RGC Resources shares last traded at $22.33, with a volume of 7,485 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of RGC Resources from a "hold" rating to a "sell" rating in a research note on Saturday.
Check Out Our Latest Report on RGC Resources
RGC Resources Trading Up 0.1 %
The business has a fifty day simple moving average of $20.97 and a 200-day simple moving average of $20.74. The firm has a market cap of $228.19 million, a price-to-earnings ratio of 17.86 and a beta of 0.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.69 and a current ratio of 1.07.
RGC Resources Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, October 18th. RGC Resources's dividend payout ratio is presently 64.00%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of RGC Resources by 62.0% during the first quarter. BNP Paribas Financial Markets now owns 4,011 shares of the energy company's stock valued at $81,000 after acquiring an additional 1,535 shares during the last quarter. Rhumbline Advisers raised its stake 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 purchasing an additional 497 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of RGC Resources by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,680 shares of the energy company's stock worth $217,000 after buying an additional 539 shares during the last quarter. Fruth Investment Management grew its position 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 buying an additional 1,198 shares during the period. Finally, Burke & Herbert Bank & Trust Co. purchased a new stake in RGC Resources during the second quarter worth about $819,000. 35.77% of the stock is owned by institutional investors.
About RGC Resources
(
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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.
Further Reading
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