RGC Resources Stock Performance
Shares of RGCO stock opened at $17.11 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $16.90 and a 200 day simple moving average of $18.59. RGC Resources has a 52 week low of $15.36 and a 52 week high of $24.55.
RGC Resources Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Friday, October 13th. RGC Resources’s payout ratio is -658.28%.
Insider Buying and Selling
Institutional Trading of RGC Resources
A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in RGC Resources by 0.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 349,037 shares of the energy company’s stock valued at $6,038,000 after purchasing an additional 1,500 shares during the period. Quadrature Capital Ltd raised its position in shares of RGC Resources by 39.0% in the 3rd quarter. Quadrature Capital Ltd now owns 16,822 shares of the energy company’s stock valued at $290,000 after buying an additional 4,716 shares in the last quarter. FCA Corp TX raised its position in shares of RGC Resources by 21.2% in the 3rd quarter. FCA Corp TX now owns 42,204 shares of the energy company’s stock valued at $730,000 after buying an additional 7,389 shares in the last quarter. Gabelli Funds LLC raised its position in shares of RGC Resources by 54.3% in the 3rd quarter. Gabelli Funds LLC now owns 164,700 shares of the energy company’s stock valued at $2,849,000 after buying an additional 57,930 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of RGC Resources in the 3rd quarter valued at approximately $4,278,000.
About RGC Resources
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.
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