RGC Resources (NASDAQ:RGCO) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of RGC Resources (NASDAQ:RGCO – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the energy company’s stock.

RGC Resources Trading Up 0.2 %

Shares of RGCO stock opened at $18.19 on Thursday. RGC Resources has a fifty-two week low of $18.01 and a fifty-two week high of $24.55. The stock has a market cap of $180.44 million, a P/E ratio of -139.92 and a beta of -0.05. The business has a fifty day simple moving average of $21.76 and a 200-day simple moving average of $22.65. The company has a quick ratio of 0.60, a current ratio of 0.74 and a debt-to-equity ratio of 1.12.

Institutional Trading of RGC Resources

Large investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of RGC Resources by 119.2% during the fourth quarter. Barclays PLC now owns 2,071 shares of the energy company’s stock valued at $45,000 after acquiring an additional 1,126 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of RGC Resources by 81.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,804 shares of the energy company’s stock valued at $172,000 after acquiring an additional 3,502 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of RGC Resources by 11.5% during the third quarter. Royal Bank of Canada now owns 7,921 shares of the energy company’s stock valued at $166,000 after acquiring an additional 818 shares during the last quarter. Citigroup Inc. boosted its stake in shares of RGC Resources by 215.6% during the fourth quarter. Citigroup Inc. now owns 8,225 shares of the energy company’s stock valued at $181,000 after acquiring an additional 5,619 shares during the last quarter. Finally, Creative Planning acquired a new stake in shares of RGC Resources during the fourth quarter valued at $232,000.

About RGC Resources

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RGC Resources, Inc is a holding company, which engages in the distribution and sale of natural gas to residential, commercial, and industrial users in its service territory. The firm operates through the following segments: Gas Utility, Investment in Affiliates, and Parent and Other. The Gas Utility segment focuses on tariff rates and other regulatory mechanisms through which it provides for the sale and distribution of natural gas to customers.