Gabelli Funds LLC Has $4.59 Million Stock Holdings in RGC Resources, Inc. (NASDAQ:RGCO)

Gabelli Funds LLC increased its holdings in shares of RGC Resources, Inc. (NASDAQ:RGCO) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 229,000 shares of the energy company’s stock after acquiring an additional 794 shares during the period. Gabelli Funds LLC owned about 2.23% of RGC Resources worth $4,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in RGC Resources by 13.5% during the fourth quarter. Barclays PLC now owns 12,422 shares of the energy company’s stock valued at $249,000 after purchasing an additional 1,481 shares in the last quarter. Wells Fargo & Company MN boosted its stake in RGC Resources by 12.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,719 shares of the energy company’s stock valued at $195,000 after buying an additional 1,055 shares in the last quarter. JPMorgan Chase & Co. grew its position in RGC Resources by 105.0% in the fourth quarter. JPMorgan Chase & Co. now owns 30,129 shares of the energy company’s stock valued at $604,000 after acquiring an additional 15,434 shares during the period. Fruth Investment Management raised its stake in RGC Resources by 5.3% during the fourth quarter. Fruth Investment Management now owns 13,800 shares of the energy company’s stock worth $276,000 after acquiring an additional 700 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of RGC Resources by 4.1% during the third quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company’s stock valued at $4,429,000 after acquiring an additional 7,701 shares during the period. Institutional investors own 35.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of RGC Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th.

RGC Resources Stock Performance

NASDAQ RGCO opened at $21.09 on Friday. The firm has a market cap of $217.16 million, a price-to-earnings ratio of 18.03 and a beta of 0.31. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 1.00. RGC Resources, Inc. has a 1-year low of $18.62 and a 1-year high of $24.20. The company has a 50 day moving average of $20.93 and a 200-day moving average of $20.77.

RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings data on Monday, February 10th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. RGC Resources had a return on equity of 10.94% and a net margin of 13.73%. On average, equities analysts forecast that RGC Resources, Inc. will post 1.23 earnings per share for the current fiscal year.

RGC Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be given a dividend of $0.2075 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.83 annualized dividend and a yield of 3.94%. RGC Resources’s dividend payout ratio (DPR) is 70.94%.

RGC Resources Company 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.