4 hours Ago By Defense World Staff
Renaissance Technologies LLC lowered its position in shares of RGC Resources, Inc. ( NASDAQ:RGCO – Free Report ) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 45,033 shares of the energy company’s stock after selling 700 shares during the quarter. Renaissance Technologies LLC owned 0.44% of RGC Resources worth $903,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted 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 valued at $195,000 after buying an additional 1,055 shares in the last quarter. Barclays PLC boosted its position in shares of RGC Resources by 257.3% in the 3rd quarter.
Barclays PLC now owns 10,941 shares of the energy company’s stock valued at $247,000 after purchasing an additional 7,879 shares during the period. Fruth Investment Management boosted its position in shares of RGC Resources by 5.3% in the 4th quarter.
Fruth Investment Management now owns 13,800 shares of the energy company’s stock valued at $276,000 after purchasing an additional 700 shares during the period. JPMorgan Chase & Co. boosted its position in shares of RGC Resources by 267.
6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock valued at $332,000 after purchasing an additional 10,697 shares during the period.
Finally, State Street Corp boosted its position in shares of 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 purchasing an additional 592 shares during the period.
Institutional investors own 35.77% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com upgraded RGC Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. RGC Resources Trading Down 1.5 % NASDAQ:RGCO opened at $20.
97 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.
56 and a debt-to-equity ratio of 1.00. RGC Resources, Inc.
has a 1-year low of $19.05 and a 1-year high of $24.20.
The firm has a market capitalization of $215.93 million, a price-to-earnings ratio of 17.92 and a beta of 0.
31. The stock has a fifty day simple moving average of $20.94 and a 200 day simple moving average of $20.
78. RGC Resources ( NASDAQ:RGCO – Get Free Report ) last announced its quarterly earnings data on Monday, February 10th. The energy company reported $0.
51 earnings per share (EPS) for the quarter, topping 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%.
Sell-side analysts forecast that RGC Resources, Inc. will post 1.23 earnings per share for the current year.
RGC Resources Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.2075 dividend.
This represents a $0.83 annualized dividend and a yield of 3.96%.
The ex-dividend date is Friday, July 18th. RGC Resources’s dividend payout ratio is currently 70.94%.
About RGC Resources ( Free Report ) 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. See Also Five stocks we like better than RGC Resources 3 Defense Stocks Set to Benefit From Increased Military Spending Why D-Wave’s Project With Davidson Is a Game-Changer For Quantum What is a Secondary Public Offering? What Investors Need to Know Hims & Hers Stock Soars on Novo Nordisk Collaboration What Are Treasury Bonds? Amazon’s Earnings Will Make or Break the Stock’s Comeback Want to see what other hedge funds are holding RGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RGC Resources, Inc.
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