RGC Resources Inc. (RGCO) Releases Quarterly Earnings Results
RGC Resources Inc. (NASDAQ:RGCO) announced its earnings results on Wednesday. The energy company reported $0.02 EPS for the quarter, Bloomberg Earnings reports. RGC Resources had a return on equity of 10.70% and a net margin of 10.01%.
Shares of RGC Resources (RGCO) traded down $0.05 on Friday, hitting $26.79. The stock had a trading volume of 5,774 shares, compared to its average volume of 15,383. The firm has a market cap of $195.64, a P/E ratio of 31.58 and a beta of 0.12. The company has a quick ratio of 0.43, a current ratio of 0.83 and a debt-to-equity ratio of 0.89. RGC Resources has a fifty-two week low of $16.31 and a fifty-two week high of $31.99.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, October 13th. RGC Resources’s payout ratio is currently 67.70%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System bought a new position in RGC Resources in the 2nd quarter worth approximately $334,000. Vanguard Group Inc. raised its position in RGC Resources by 56.0% in the 2nd quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock worth $1,215,000 after purchasing an additional 15,393 shares during the last quarter. Finally, State Street Corp bought a new position in RGC Resources in the 2nd quarter worth approximately $1,950,000.
RGC Resources Company Profile
RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.
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