RGC Resources (NASDAQ:RGCO – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.
RGC Resources Price Performance
Shares of RGCO opened at $22.66 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.59 and a quick ratio of 0.78. The stock has a market cap of $222.79 million, a PE ratio of -6.37 and a beta of -0.12. RGC Resources has a 1-year low of $18.01 and a 1-year high of $24.55. The firm has a fifty day moving average price of $22.33 and a 200 day moving average price of $21.16.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE grew its position in RGC Resources by 81.4% during the second quarter. US Bancorp DE now owns 1,386 shares of the energy company’s stock worth $26,000 after buying an additional 622 shares during the period. Royal Bank of Canada grew its position in RGC Resources by 11.5% during the third quarter. Royal Bank of Canada now owns 7,921 shares of the energy company’s stock worth $166,000 after buying an additional 818 shares during the period. Belpointe Asset Management LLC grew its position in RGC Resources by 27.0% during the second quarter. Belpointe Asset Management LLC now owns 12,842 shares of the energy company’s stock worth $245,000 after buying an additional 2,734 shares during the period. State Street Corp grew its position in RGC Resources by 14.3% during the first quarter. State Street Corp now owns 21,968 shares of the energy company’s stock worth $470,000 after buying an additional 2,750 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in RGC Resources by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 23,275 shares of the energy company’s stock worth $490,000 after buying an additional 5,400 shares during the period.
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 1,157 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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