RGC Resources Inc. (NASDAQ:RGCO) CEO Orazio John S. D sold 608 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $27.66, for a total value of $16,817.28. Following the sale, the chief executive officer now directly owns 37,763 shares in the company, valued at approximately $1,044,524.58. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of RGC Resources stock traded down $0.46 during trading on Friday, reaching $26.54. The company’s stock had a trading volume of 4,912 shares, compared to its average volume of 5,405. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.65 and a quick ratio of 0.29. The stock has a market capitalization of $216.10 million, a price-to-earnings ratio of 27.94 and a beta of -0.15. RGC Resources Inc. has a 1-year low of $22.16 and a 1-year high of $31.33.
RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Thursday, November 15th. The energy company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The firm had revenue of $9.97 million during the quarter, compared to analysts’ expectations of $10.40 million. RGC Resources had a return on equity of 9.40% and a net margin of 11.14%. On average, equities research analysts anticipate that RGC Resources Inc. will post 1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Tuesday, January 15th will be given a $0.165 dividend. This is a boost from RGC Resources’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, January 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.49%. RGC Resources’s dividend payout ratio (DPR) is presently 65.26%.
Separately, Zacks Investment Research raised RGC Resources from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Friday, August 10th.
Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of RGC Resources by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,217 shares of the energy company’s stock worth $1,611,000 after purchasing an additional 2,216 shares in the last quarter. BlackRock Inc. boosted its position in shares of RGC Resources by 0.7% in the 3rd quarter. BlackRock Inc. now owns 356,328 shares of the energy company’s stock worth $9,517,000 after purchasing an additional 2,630 shares in the last quarter. Bank of America Corp DE boosted its position in shares of RGC Resources by 59.6% in the 2nd quarter. Bank of America Corp DE now owns 7,095 shares of the energy company’s stock worth $207,000 after purchasing an additional 2,650 shares in the last quarter. Northern Trust Corp boosted its position in shares of RGC Resources by 3.5% in the 2nd quarter. Northern Trust Corp now owns 81,927 shares of the energy company’s stock worth $2,390,000 after purchasing an additional 2,762 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in RGC Resources by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 290,295 shares of the energy company’s stock worth $7,754,000 after acquiring an additional 2,952 shares during the last quarter.
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RGC Resources Company Profile
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.
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