RGC Resources (NASDAQ:RGCO) Share Price Passes Below 200-Day Moving Average – Should You Sell?

RGC Resources, Inc. (NASDAQ:RGCO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.73 and traded as low as $19.37. RGC Resources shares last traded at $20.16, with a volume of 8,288 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of RGC Resources from a “hold” rating to a “sell” rating in a research report on Thursday, December 19th.

RGC Resources Stock Down 1.3 %

The company’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $20.72. The firm has a market cap of $206.08 million, a PE ratio of 17.31 and a beta of 0.18. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 1.26.

RGC Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 17th will be paid a dividend of $0.2075 per share. This is a boost from RGC Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.13%. RGC Resources’s payout ratio is 71.55%.

Institutional Investors Weigh In On RGC Resources

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its position in shares of RGC Resources by 5.6% in the second quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock valued at $191,000 after acquiring an additional 497 shares in the last quarter. Barclays PLC raised its stake in RGC Resources by 257.3% during the 3rd quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock valued at $247,000 after purchasing an additional 7,879 shares during the period. Fruth Investment Management lifted its holdings in RGC Resources by 10.1% in the 3rd quarter. Fruth Investment Management now owns 13,100 shares of the energy company’s stock worth $295,000 after purchasing an additional 1,198 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in RGC Resources by 267.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock worth $332,000 after purchasing an additional 10,697 shares during the period. Finally, Cerity Partners LLC grew its holdings in RGC Resources by 4.6% during the 3rd quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock valued at $590,000 after buying an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 35.77% of the company’s stock.

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