StockNews.com Begins Coverage on RGC Resources (NASDAQ:RGCO)

Equities researchers at StockNews.com began coverage on shares of RGC Resources (NASDAQ:RGCOGet Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the energy company’s stock.

RGC Resources Stock Up 4.9 %

Shares of NASDAQ RGCO opened at $24.54 on Monday. The firm has a market capitalization of $206.68 million, a PE ratio of -6.89 and a beta of -0.17. The company has a current ratio of 1.69, a quick ratio of 1.27 and a debt-to-equity ratio of 1.23. RGC Resources has a 1 year low of $18.01 and a 1 year high of $25.00. The firm’s 50-day moving average is $21.61 and its 200-day moving average is $20.74.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in RGC Resources by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 313,859 shares of the energy company’s stock worth $6,708,000 after acquiring an additional 10,636 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in RGC Resources by 2.0% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 124,547 shares of the energy company’s stock worth $2,375,000 after acquiring an additional 2,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in RGC Resources by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 112,773 shares of the energy company’s stock worth $2,411,000 after acquiring an additional 986 shares during the last quarter. UBS Group AG boosted its stake in RGC Resources by 6.6% during the 3rd quarter. UBS Group AG now owns 105,448 shares of the energy company’s stock worth $2,220,000 after acquiring an additional 6,572 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in RGC Resources by 4.0% during the 3rd quarter. Gabelli Funds LLC now owns 103,970 shares of the energy company’s stock worth $2,190,000 after acquiring an additional 3,970 shares during the last quarter.

About RGC Resources

(Get Rating)

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 1,157 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 6 metering stations.

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