RGC Resources (NASDAQ:RGCO) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

RGC Resources, Inc. (NASDAQ:RGCO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

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

RGC Resources Trading Up 2.6 %

The firm has a market cap of $231.17 million, a PE ratio of 19.19 and a beta of 0.31. The company has a 50-day simple moving average of $20.82 and a 200 day simple moving average of $20.77. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 1.00.

RGC Resources (NASDAQ:RGCO - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The energy company reported $0.51 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that RGC Resources, Inc. will post 1.23 earnings per share for the current fiscal year.

RGC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be paid a $0.2075 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.83 annualized dividend and a dividend yield of 3.70%. RGC Resources's dividend payout ratio is presently 70.94%.

Hedge Funds Weigh In On RGC Resources

Hedge funds have recently bought and sold shares of the business. State Street Corp raised its stake 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 worth $2,368,000 after buying an additional 592 shares during the period. Price T Rowe Associates Inc. MD raised its position in RGC Resources by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,454 shares of the energy company's stock worth $230,000 after acquiring an additional 680 shares during the period. Fruth Investment Management lifted its holdings in RGC Resources by 5.3% during the fourth quarter. Fruth Investment Management now owns 13,800 shares of the energy company's stock valued at $276,000 after purchasing an additional 700 shares in the last quarter. Gabelli Funds LLC lifted its holdings in RGC Resources by 0.3% during the fourth quarter. Gabelli Funds LLC now owns 229,000 shares of the energy company's stock valued at $4,594,000 after purchasing an additional 794 shares in the last quarter. Finally, Teton Advisors Inc. grew its position in shares of RGC Resources by 0.8% in the fourth quarter. Teton Advisors Inc. now owns 95,130 shares of the energy company's stock valued at $1,908,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 35.77% of the company's stock.

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.