RGC Resources (NASDAQ:RGCO) Upgraded to "Hold" at StockNews.com

RGC Resources (NASDAQ:RGCO - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Tuesday.

RGC Resources Stock Down 0.4 %

Shares of RGC Resources stock traded down $0.08 during trading hours on Tuesday, reaching $20.25. 10,819 shares of the company's stock were exchanged, compared to its average volume of 11,442. The company has a 50 day moving average of $20.52 and a two-hundred day moving average of $20.70. RGC Resources has a fifty-two week low of $18.29 and a fifty-two week high of $24.20. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 1.00. The stock has a market cap of $208.58 million, a P/E ratio of 17.31 and a beta of 0.18.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in RGC Resources by 293.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,275 shares of the energy company's stock valued at $26,000 after acquiring an additional 951 shares during the period. Wells Fargo & Company MN raised its holdings in RGC Resources by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,719 shares of the energy company's stock valued at $195,000 after acquiring an additional 1,055 shares during the period. Barclays PLC raised its holdings 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 acquiring an additional 7,879 shares during the period. Deutsche Bank AG bought a new position in RGC Resources in the 4th quarter valued at about $224,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in RGC Resources by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,454 shares of the energy company's stock valued at $230,000 after acquiring an additional 680 shares during the period. 35.77% of the stock is owned by institutional investors.

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.