RGC Resources (NASDAQ:RGCO) Stock Price Passes Above 200-Day Moving Average of $18.83

RGC Resources, Inc. (NASDAQ:RGCO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.83 and traded as high as $19.64. RGC Resources shares last traded at $19.17, with a volume of 5,336 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TheStreet raised shares of RGC Resources from a "c" rating to a "b-" rating in a research note on Tuesday, February 6th. StockNews.com raised RGC Resources from a "sell" rating to a "hold" rating in a report on Thursday, December 28th.

RGC Resources Trading Up 0.5 %

The company has a quick ratio of 0.36, a current ratio of 0.54 and a debt-to-equity ratio of 0.99. The firm has a market cap of $195.78 million, a price-to-earnings ratio of 14.71 and a beta of 0.22. The business has a 50 day moving average of $19.68 and a 200 day moving average of $18.83.

RGC Resources (NASDAQ:RGCO - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The energy company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The company had revenue of $24.42 million for the quarter, compared to the consensus estimate of $31.00 million. RGC Resources had a return on equity of 12.89% and a net margin of 14.75%. On average, research analysts forecast that RGC Resources, Inc. will post 1.16 earnings per share for the current fiscal year.

RGC Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $0.80 annualized dividend and a yield of 4.15%. RGC Resources's dividend payout ratio is presently 61.07%.

Insiders Place Their Bets

In other RGC Resources news, Director Robert B. Johnston acquired 1,715 shares of the company's stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $18.78 per share, for a total transaction of $32,207.70. Following the acquisition, the director now directly owns 63,005 shares of the company's stock, valued at $1,183,233.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired 2,315 shares of company stock worth $43,302 in the last three months. 6.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new stake in shares of RGC Resources in the 4th quarter worth $35,000. Barclays PLC raised its position in shares of RGC Resources by 66.6% during the second quarter. Barclays PLC now owns 1,808 shares of the energy company's stock worth $37,000 after purchasing an additional 723 shares during the period. California State Teachers Retirement System acquired a new stake in shares of RGC Resources during the second quarter worth $53,000. BNP Paribas Arbitrage SNC raised its position in shares of RGC Resources by 3,127.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 2,905 shares of the energy company's stock worth $58,000 after purchasing an additional 2,815 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of RGC Resources during the third quarter worth $53,000. Institutional investors and hedge funds own 35.77% of the company's stock.

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.