Gamco Investors INC. ET AL Has $8.14 Million Stock Position in RGC Resources, Inc. (NASDAQ:RGCO)

Gamco Investors INC. ET AL increased its position in RGC Resources, Inc. (NASDAQ:RGCO - Free Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 405,700 shares of the energy company's stock after purchasing an additional 12,300 shares during the period. Gamco Investors INC. ET AL owned 3.95% of RGC Resources worth $8,138,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its stake in RGC Resources by 12.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,719 shares of the energy company's stock worth $195,000 after acquiring an additional 1,055 shares during the period. Barclays PLC grew its position in RGC Resources by 257.3% in the 3rd quarter. Barclays PLC now owns 10,941 shares of the energy company's stock worth $247,000 after purchasing an additional 7,879 shares during the last quarter. Fruth Investment Management raised its holdings in shares of RGC Resources by 5.3% during the fourth quarter. Fruth Investment Management now owns 13,800 shares of the energy company's stock valued at $276,000 after buying an additional 700 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of RGC Resources by 267.6% during the third quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company's stock worth $332,000 after buying an additional 10,697 shares during the period. Finally, State Street Corp increased its position in RGC Resources by 0.6% in the 3rd quarter. State Street Corp now owns 104,929 shares of the energy company's stock valued at $2,368,000 after acquiring an additional 592 shares during the period. 35.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised RGC Resources from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th.

RGC Resources Price Performance

Shares of NASDAQ RGCO traded up $0.14 during mid-day trading on Tuesday, reaching $20.99. 4,132 shares of the company traded hands, compared to its average volume of 12,127. 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 debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.41. The stock has a fifty day simple moving average of $20.92 and a 200-day simple moving average of $20.76. The firm has a market cap of $216.08 million, a PE ratio of 17.94 and a beta of 0.31.

RGC Resources (NASDAQ:RGCO - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The energy company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. RGC Resources had a net margin of 13.73% and a return on equity of 10.94%. Equities research analysts anticipate that RGC Resources, Inc. will post 1.23 EPS for the current fiscal year.

RGC Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be given a dividend of $0.2075 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.96%. RGC Resources's dividend payout ratio (DPR) is presently 70.94%.

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.