Boston Partners Sells 10,870 Shares of RGC Resources, Inc. (NASDAQ:RGCO)

Boston Partners cut its holdings in RGC Resources, Inc. (NASDAQ:RGCO) by 39.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,505 shares of the energy company’s stock after selling 10,870 shares during the quarter. Boston Partners’ holdings in RGC Resources were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RGCO. Barclays PLC raised its position in RGC Resources by 257.3% during the third quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock valued at $247,000 after acquiring an additional 7,879 shares in the last quarter. Fruth Investment Management boosted its holdings 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 buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. grew its position in RGC Resources by 267.6% during the third quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock valued at $332,000 after buying an additional 10,697 shares during the period. Cerity Partners LLC increased its holdings in RGC Resources by 4.6% in the third 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. Finally, State Street Corp raised its position in shares of 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 acquiring an additional 592 shares during the period. 35.77% of the stock is currently owned by institutional investors and hedge funds.

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.

RGC Resources Price Performance

NASDAQ:RGCO opened at $21.45 on Monday. The stock has a 50 day moving average of $20.69 and a two-hundred day moving average of $20.72. RGC Resources, Inc. has a 12 month low of $18.38 and a 12 month high of $24.20. The firm has a market cap of $220.87 million, a P/E ratio of 18.33 and a beta of 0.25. 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 (NASDAQ:RGCO) last posted its quarterly earnings data on Monday, February 10th. The energy company reported $0.51 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, analysts expect that RGC Resources, Inc. will post 1.23 earnings per share for the current fiscal year.

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.