Cerity Partners LLC Takes Position in RGC Resources, Inc. (NASDAQ:RGCO)

Cerity Partners LLC acquired a new stake in RGC Resources, Inc. (NASDAQ:RGCOGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,961 shares of the energy company’s stock, valued at approximately $457,000. Cerity Partners LLC owned approximately 0.28% of RGC Resources as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of RGC Resources by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 313,859 shares of the energy company’s stock valued at $6,708,000 after acquiring an additional 10,636 shares in the last quarter. Cutter & CO Brokerage Inc. increased its stake in RGC Resources by 2.0% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 124,547 shares of the energy company’s stock valued at $2,375,000 after purchasing an additional 2,462 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in RGC Resources by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 112,773 shares of the energy company’s stock valued at $2,411,000 after purchasing an additional 986 shares in the last quarter. UBS Group AG increased its stake in RGC Resources by 0.6% during the 1st quarter. UBS Group AG now owns 99,322 shares of the energy company’s stock valued at $2,147,000 after purchasing an additional 597 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in RGC Resources by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 50,042 shares of the energy company’s stock valued at $1,082,000 after purchasing an additional 1,462 shares in the last quarter.

RGC Resources Stock Performance

Shares of RGCO stock opened at $24.54 on Friday. The firm has a fifty day simple moving average of $21.61 and a two-hundred day simple moving average of $20.74. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.27 and a current ratio of 1.69. RGC Resources, Inc. has a 12 month low of $18.01 and a 12 month high of $25.00.

RGC Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Friday, October 14th were paid a $0.195 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.78 annualized dividend and a dividend yield of 3.18%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of RGC Resources in a research note on Sunday, November 13th. They set a “hold” rating for the company.

RGC Resources Profile

(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.

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Institutional Ownership by Quarter for RGC Resources (NASDAQ:RGCO)

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