RGC Resources (NASDAQ:RGCO) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

RGC Resources, Inc. (NASDAQ:RGCO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.76 and traded as high as $22.15. RGC Resources shares last traded at $21.75, with a volume of 16,690 shares changing hands.

Analyst Ratings Changes

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

RGC Resources Stock Down 2.5 %

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.41 and a current ratio of 0.56. The company's fifty day moving average price is $20.92 and its 200-day moving average price is $20.76. The stock has a market cap of $217.16 million, a P/E ratio of 18.03 and a beta of 0.31.

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

RGC Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be paid a $0.2075 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.83 dividend on an annualized basis and a yield of 3.94%. RGC Resources's payout ratio is 70.94%.

Institutional Trading of RGC Resources

A number of large investors have recently made changes to their positions in RGCO. Gamco Investors INC. ET AL increased its stake in RGC Resources by 3.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 405,700 shares of the energy company's stock worth $8,138,000 after buying an additional 12,300 shares during the period. Gabelli Funds LLC grew its stake in RGC Resources by 0.3% in the 4th quarter. Gabelli Funds LLC now owns 229,000 shares of the energy company's stock worth $4,594,000 after acquiring an additional 794 shares in the last quarter. Geode Capital Management LLC increased its position in shares of RGC Resources by 4.1% during the third quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company's stock worth $4,429,000 after acquiring an additional 7,701 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of RGC Resources by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 120,400 shares of the energy company's stock valued at $2,415,000 after acquiring an additional 3,684 shares in the last quarter. Finally, State Street Corp raised its stake in shares of RGC Resources by 0.6% during the third 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 in the last quarter. 35.77% of the stock is owned by hedge funds and other institutional investors.

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.