RGC Resources (NASDAQ:RGCO) Stock Passes Above 200 Day Moving Average - Here's What Happened

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 $20.76 and traded as high as $21.33. RGC Resources shares last traded at $21.33, with a volume of 20,449 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of RGC Resources from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th.

RGC Resources Stock Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.41. The company has a market cap of $227.56 million, a price-to-earnings ratio of 18.89 and a beta of 0.31. The stock has a 50-day moving average price of $20.73 and a 200 day moving average price of $20.74.

RGC Resources (NASDAQ:RGCO - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The energy company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. RGC Resources had a net margin of 13.73% and a return on equity of 10.94%. As a group, analysts anticipate that RGC Resources, Inc. will post 1.23 EPS for the current fiscal year.

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RGC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.83 annualized dividend and a dividend yield of 3.76%. RGC Resources's dividend payout ratio is currently 70.94%.

Institutional Trading of RGC Resources

Several institutional investors and hedge funds have recently bought and sold shares of RGCO. Cerity Partners LLC grew its stake in shares of RGC Resources by 4.6% in the third quarter. Cerity Partners LLC now owns 26,131 shares of the energy company's stock valued at $590,000 after buying an additional 1,161 shares in the last quarter. State Street Corp increased its position in RGC Resources by 0.6% during the third quarter. State Street Corp now owns 104,929 shares of the energy company's stock worth $2,368,000 after buying an additional 592 shares during the last quarter. Barclays PLC raised its stake in RGC Resources by 257.3% in the third quarter. Barclays PLC now owns 10,941 shares of the energy company's stock valued at $247,000 after buying an additional 7,879 shares during the period. Geode Capital Management LLC lifted its position in shares of RGC Resources by 4.1% in the third quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company's stock valued at $4,429,000 after buying an additional 7,701 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of RGC Resources by 267.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company's stock worth $332,000 after acquiring an additional 10,697 shares during the last quarter. Institutional investors own 35.77% of the company's stock.

RGC Resources Company 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.