BlackRock Inc. bought a new position in shares of RGC Resources Inc. (NASDAQ:RGCO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 427,306 shares of the energy company's stock, valued at approximately $10,213,000. BlackRock Inc. owned about 4.11% of RGC Resources at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in RGCO. Martingale Asset Management L P boosted its holdings in shares of RGC Resources by 3.6% in the 4th quarter. Martingale Asset Management L P now owns 17,738 shares of the energy company's stock valued at $378,000 after acquiring an additional 616 shares during the last quarter. FCA Corp TX raised its position in RGC Resources by 1.9% during the first quarter. FCA Corp TX now owns 42,773 shares of the energy company's stock worth $943,000 after acquiring an additional 795 shares during the period. BNP Paribas Financial Markets raised its position in shares of RGC Resources by 80.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,816 shares of the energy company's stock worth $41,000 after purchasing an additional 812 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in RGC Resources by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,602 shares of the energy company's stock valued at $36,000 after buying an additional 1,068 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in RGC Resources by 9.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,557 shares of the energy company's stock worth $310,000 after buying an additional 1,202 shares during the last quarter. 35.77% of the stock is owned by institutional investors and hedge funds.
RGC Resources Trading Up 0.9%
Shares of RGC Resources stock opened at $21.93 on Friday. RGC Resources Inc. has a 12-month low of $20.55 and a 12-month high of $27.99. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 1.19. The stock has a market cap of $228.51 million, a price-to-earnings ratio of 16.37 and a beta of 0.52. The company has a fifty day simple moving average of $22.68 and a 200-day simple moving average of $22.60.
RGC Resources (NASDAQ:RGCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $17.11 million for the quarter, compared to analysts' expectations of $18.19 million. RGC Resources had a return on equity of 11.73% and a net margin of 13.05%.
RGC Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 17th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, July 17th. RGC Resources's dividend payout ratio is presently 64.93%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of RGC Resources from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of RGC Resources in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, RGC Resources currently has an average rating of "Buy".
Get Our Latest Analysis on RGCO
About RGC Resources
(
Free Report)
RGC Resources, Inc NASDAQ: RGCO is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.
The company operates two primary business segments: distribution and transmission.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider RGC Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RGC Resources wasn't on the list.
While RGC Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
