RGC Resources, Inc. (NASDAQ:RGCO) Director John B. Williamson III Acquires 1,466 Shares of Stock

RGC Resources, Inc. (NASDAQ:RGCO) Director John B. Williamson III purchased 1,466 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were acquired at an average cost of $18.20 per share, with a total value of $26,681.20. Following the completion of the purchase, the director now directly owns 165,517 shares in the company, valued at approximately $3,012,409.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

RGC Resources Trading Down 0.7 %

Shares of RGCO opened at $17.96 on Friday. RGC Resources, Inc. has a 1-year low of $17.91 and a 1-year high of $24.55. The company has a 50-day moving average of $19.29 and a 200 day moving average of $20.96. The firm has a market capitalization of $179.62 million, a price-to-earnings ratio of -149.67 and a beta of -0.05. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.95 and a quick ratio of 0.58.

RGC Resources (NASDAQ:RGCO) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.07 earnings per share for the quarter. RGC Resources had a positive return on equity of 10.49% and a negative net margin of 1.14%. The business had revenue of $13.66 million during the quarter, compared to analyst estimates of $18.00 million. On average, research analysts expect that RGC Resources, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of RGC Resources in a report on Thursday, August 17th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in RGC Resources by 728.6% during the 2nd quarter. BlackRock Inc. now owns 372,071 shares of the energy company’s stock valued at $7,453,000 after purchasing an additional 327,167 shares in the last quarter. Russell Investments Group Ltd. raised its position in RGC Resources by 48.2% during the 4th quarter. Russell Investments Group Ltd. now owns 314,112 shares of the energy company’s stock worth $6,926,000 after buying an additional 102,208 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of RGC Resources by 120.2% in the second quarter. Geode Capital Management LLC now owns 155,281 shares of the energy company’s stock worth $3,110,000 after acquiring an additional 84,749 shares during the period. State Street Corp grew its position in RGC Resources by 288.5% during the 2nd quarter. State Street Corp now owns 85,347 shares of the energy company’s stock worth $1,710,000 after purchasing an additional 63,379 shares during the period. Finally, Scoggin Management LP acquired a new stake in RGC Resources during the 1st quarter worth about $1,395,000.

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 1,168 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.