2 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its stake in RGC Resources, Inc. ( NASDAQ:RGCO – Free Report ) by 6.
1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 179,846 shares of the energy company’s stock after selling 11,660 shares during the period. Russell Investments Group Ltd.
owned about 1.75% of RGC Resources worth $3,608,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also added to or reduced their stakes in RGCO.
State Street Corp increased its holdings in RGC Resources by 0.6% in the third quarter. State Street Corp now owns 104,929 shares of the energy company’s stock worth $2,368,000 after purchasing an additional 592 shares in the last quarter.
Barclays PLC grew its stake in shares of RGC Resources by 257.3% in the 3rd quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock worth $247,000 after acquiring an additional 7,879 shares in the last quarter.
Geode Capital Management LLC lifted its position in shares of RGC Resources by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company’s stock worth $4,429,000 after buying an additional 7,701 shares in the last quarter.
JPMorgan Chase & Co. lifted its holdings in RGC Resources by 267.6% during the third quarter.
JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock worth $332,000 after acquiring an additional 10,697 shares during the period. Finally, Fruth Investment Management boosted its holdings in shares of RGC Resources by 5.
3% in the 4th quarter. Fruth Investment Management now owns 13,800 shares of the energy company’s stock worth $276,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 35.
77% of the company’s stock. RGC Resources Price Performance Shares of NASDAQ RGCO opened at $21.64 on Thursday.
RGC Resources, Inc. has a fifty-two week low of $18.62 and a fifty-two week high of $24.
20. The stock has a fifty day moving average of $20.94 and a 200-day moving average of $20.
78. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.
41 and a current ratio of 0.56. The stock has a market cap of $222.
83 million, a PE ratio of 18.50 and a beta of 0.31.
RGC Resources Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.2075 per share.
This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.84%.
The ex-dividend date of this dividend is Thursday, April 17th. RGC Resources’s dividend payout ratio is currently 70.94%.
Analyst Upgrades and Downgrades Separately, StockNews.com raised RGC Resources from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Check Out Our Latest Analysis on RGCO RGC Resources Profile ( Free Report ) 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.
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