RGC Resources (NASDAQ:RGCO) Stock Rating Upgraded by StockNews.com

RGC Resources (NASDAQ:RGCO) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

RGC Resources Stock Down 0.5 %

NASDAQ RGCO opened at $21.19 on Tuesday. RGC Resources has a 12 month low of $18.29 and a 12 month high of $24.20. The company has a market capitalization of $218.26 million, a P/E ratio of 18.11 and a beta of 0.18. The company’s 50 day simple moving average is $20.52 and its 200 day simple moving average is $20.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.41.

RGC Resources (NASDAQ:RGCO) last announced its quarterly earnings data on Monday, February 10th. The energy company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. RGC Resources had a return on equity of 10.94% and a net margin of 13.73%. Equities research analysts expect that RGC Resources will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of RGC Resources by 0.6% in the 3rd quarter. State Street Corp now owns 104,929 shares of the energy company’s stock valued at $2,368,000 after acquiring an additional 592 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of RGC Resources by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,454 shares of the energy company’s stock worth $230,000 after buying an additional 680 shares during the period. Fruth Investment Management grew its holdings in shares of 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 buying an additional 700 shares in the last quarter. Gabelli Funds LLC raised its position 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 buying an additional 794 shares during the period. Finally, Teton Advisors Inc. lifted its stake in RGC Resources by 0.8% in the 4th quarter. Teton Advisors Inc. now owns 95,130 shares of the energy company’s stock worth $1,908,000 after acquiring an additional 800 shares in the last quarter. 35.77% of the stock is currently owned by institutional investors and hedge funds.

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.