Tower Research Capital LLC TRC Has $26,000 Stock Holdings in RGC Resources, Inc. (NASDAQ:RGCO)

Tower Research Capital LLC TRC raised its holdings in RGC Resources, Inc. (NASDAQ:RGCO) by 293.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,275 shares of the energy company’s stock after purchasing an additional 951 shares during the quarter. Tower Research Capital LLC TRC’s holdings in RGC Resources were worth $26,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RGCO. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 7,879 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of RGC Resources by 267.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock valued at $332,000 after purchasing an additional 10,697 shares in the last quarter. Fruth Investment Management boosted its holdings in shares of RGC Resources by 5.3% in the 4th quarter. Fruth Investment Management now owns 13,800 shares of the energy company’s stock valued at $276,000 after purchasing an additional 700 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 purchasing an additional 1,055 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of RGC Resources by 0.3% in the 4th quarter. Gabelli Funds LLC now owns 229,000 shares of the energy company’s stock valued at $4,594,000 after purchasing an additional 794 shares in the last quarter. Institutional investors and hedge funds own 35.77% of the company’s stock.

RGC Resources Trading Down 2.7%

Shares of RGCO stock opened at $21.63 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.41 and a current ratio of 0.56. RGC Resources, Inc. has a fifty-two week low of $19.05 and a fifty-two week high of $24.20. The company has a market cap of $223.05 million, a PE ratio of 18.49 and a beta of 0.46. The stock’s fifty day moving average price is $21.25 and its two-hundred day moving average price is $20.84.

RGC Resources (NASDAQ:RGCO) last released its quarterly earnings data on Tuesday, May 6th. The energy company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06. RGC Resources had a return on equity of 10.94% and a net margin of 13.73%. The company had revenue of $36.46 million for the quarter, compared to the consensus estimate of $34.00 million. Equities analysts predict that RGC Resources, Inc. will post 1.23 EPS for the current fiscal year.

RGC Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, July 18th. RGC Resources’s dividend payout ratio (DPR) is 64.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised RGC Resources from a “hold” rating to a “buy” rating in a report on Friday, May 9th.

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.