RGC Resources (NASDAQ:RGCO) Lowered to Sell Rating by StockNews.com

RGC Resources (NASDAQ:RGCO) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

RGC Resources Trading Up 0.1 %

Shares of RGCO stock opened at $22.33 on Friday. The firm has a fifty day moving average of $20.97 and a 200-day moving average of $20.74. The stock has a market cap of $228.19 million, a price-to-earnings ratio of 17.86 and a beta of 0.17. RGC Resources has a 52-week low of $15.50 and a 52-week high of $24.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.69 and a current ratio of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Burke & Herbert Bank & Trust Co. bought a new position in RGC Resources during the 2nd quarter valued at about $819,000. Russell Investments Group Ltd. raised its stake in shares of RGC Resources by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 181,524 shares of the energy company’s stock valued at $3,674,000 after acquiring an additional 36,685 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of RGC Resources by 16.4% in the 2nd quarter. Gabelli Funds LLC now owns 224,206 shares of the energy company’s stock worth $4,585,000 after acquiring an additional 31,651 shares in the last quarter. Gamco Investors INC. ET AL grew its position in RGC Resources by 6.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 359,700 shares of the energy company’s stock worth $7,280,000 after acquiring an additional 22,400 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. grew its position in RGC Resources by 18.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 137,948 shares of the energy company’s stock worth $3,113,000 after acquiring an additional 21,489 shares during the last quarter. 35.77% of the stock is owned by institutional investors.

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.