RGC Resources, Inc. (NASDAQ:RGCO) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. grew its stake in RGC Resources, Inc. (NASDAQ:RGCO) by 50.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,326 shares of the energy company’s stock after buying an additional 41,421 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in RGC Resources were worth $2,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RGCO. Gamco Investors INC. ET AL acquired a new position in RGC Resources in the 3rd quarter worth about $4,278,000. Gabelli Funds LLC raised its holdings in shares of RGC Resources by 54.3% during the third quarter. Gabelli Funds LLC now owns 164,700 shares of the energy company’s stock valued at $2,849,000 after acquiring an additional 57,930 shares during the last quarter. Teton Advisors Inc. raised its holdings in shares of RGC Resources by 2.4% during the third quarter. Teton Advisors Inc. now owns 86,010 shares of the energy company’s stock valued at $1,488,000 after acquiring an additional 2,000 shares during the last quarter. FCA Corp TX raised its holdings in shares of RGC Resources by 21.2% during the third quarter. FCA Corp TX now owns 42,204 shares of the energy company’s stock valued at $730,000 after acquiring an additional 7,389 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of RGC Resources by 39.0% during the third quarter. Quadrature Capital Ltd now owns 16,822 shares of the energy company’s stock valued at $290,000 after acquiring an additional 4,716 shares during the last quarter. Institutional investors and hedge funds own 35.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TheStreet upgraded RGC Resources from a “c” rating to a “b-” rating in a research report on Tuesday, February 6th. StockNews.com upgraded RGC Resources from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th.

Insider Buying and Selling at RGC Resources

In other news, Director Robert B. Johnston acquired 1,715 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average price of $18.78 per share, with a total value of $32,207.70. Following the completion of the acquisition, the director now owns 63,005 shares in the company, valued at approximately $1,183,233.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 2,315 shares of company stock worth $43,302 over the last ninety days. Corporate insiders own 6.00% of the company’s stock.

RGC Resources Trading Up 3.0 %

RGC Resources stock traded up $0.58 during mid-day trading on Tuesday, hitting $19.98. The company’s stock had a trading volume of 14,966 shares, compared to its average volume of 16,982. The company has a current ratio of 0.54, a quick ratio of 0.36 and a debt-to-equity ratio of 0.99. The stock’s fifty day moving average is $19.69 and its two-hundred day moving average is $18.90. RGC Resources, Inc. has a 1 year low of $15.36 and a 1 year high of $22.53. The firm has a market capitalization of $203.00 million, a PE ratio of 14.81 and a beta of 0.22.

RGC Resources (NASDAQ:RGCO) last released its quarterly earnings results on Monday, February 5th. The energy company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $24.42 million for the quarter, compared to analysts’ expectations of $31.00 million. RGC Resources had a return on equity of 12.89% and a net margin of 14.75%. On average, analysts anticipate that RGC Resources, Inc. will post 1.16 EPS for the current year.

RGC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Monday, April 15th. RGC Resources’s dividend payout ratio is presently 61.07%.

RGC Resources 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 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.