Several other equities analysts also recently weighed in on RGCO. Zacks Investment Research downgraded shares of RGC Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 31st. TheStreet upgraded shares of RGC Resources from a “c+” rating to a “b-” rating in a research report on Wednesday, January 19th.
RGCO opened at $20.51 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.54 and a debt-to-equity ratio of 1.22. RGC Resources has a 12-month low of $20.25 and a 12-month high of $26.02. The company has a market cap of $172.74 million, a price-to-earnings ratio of 18.99 and a beta of -0.28. The company’s 50 day moving average is $21.49 and its 200 day moving average is $21.97.
Institutional investors have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV bought a new stake in shares of RGC Resources during the fourth quarter valued at approximately $45,000. Royal Bank of Canada increased its position in RGC Resources by 84.9% in the second quarter. Royal Bank of Canada now owns 1,795 shares of the energy company’s stock worth $45,000 after purchasing an additional 824 shares during the last quarter. Belpointe Asset Management LLC increased its position in RGC Resources by 19.3% in the fourth quarter. Belpointe Asset Management LLC now owns 7,713 shares of the energy company’s stock worth $177,000 after purchasing an additional 1,246 shares during the last quarter. LPL Financial LLC bought a new stake in RGC Resources in the third quarter worth $245,000. Finally, Millennium Management LLC bought a new stake in RGC Resources in the fourth quarter worth $248,000.
About RGC Resources (Get Rating)
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 1,157 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 6 metering stations.
- Get a free copy of the StockNews.com research report on RGC Resources (RGCO)
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