Teton Advisors LLC Purchases New Shares in RGC Resources Inc. $RGCO

Teton Advisors LLC purchased a new position in RGC Resources Inc. (NASDAQ:RGCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 96,000 shares of the energy company’s stock, valued at approximately $2,154,000. RGC Resources makes up about 1.3% of Teton Advisors LLC’s portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cary Street Partners Financial LLC lifted its holdings in RGC Resources by 1.8% during the third quarter. Cary Street Partners Financial LLC now owns 31,817 shares of the energy company’s stock valued at $714,000 after purchasing an additional 557 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of RGC Resources by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 12,654 shares of the energy company’s stock worth $283,000 after purchasing an additional 668 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of RGC Resources by 45.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the energy company’s stock worth $57,000 after purchasing an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of RGC Resources by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,602 shares of the energy company’s stock worth $36,000 after purchasing an additional 1,068 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in RGC Resources by 647.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,270 shares of the energy company’s stock valued at $28,000 after buying an additional 1,100 shares in the last quarter. 35.77% of the stock is owned by hedge funds and other institutional investors.

RGC Resources Price Performance

RGC Resources stock opened at $22.50 on Friday. RGC Resources Inc. has a 52-week low of $19.68 and a 52-week high of $23.82. The firm has a market capitalization of $233.78 million, a price-to-earnings ratio of 18.15 and a beta of 0.52. The company has a fifty day simple moving average of $21.60 and a 200-day simple moving average of $21.84. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 1.19.

RGC Resources (NASDAQ:RGCO) last issued its earnings results on Thursday, February 5th. The energy company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The business had revenue of $30.26 million during the quarter, compared to analyst estimates of $28.21 million. RGC Resources had a net margin of 13.11% and a return on equity of 11.11%. On average, equities analysts anticipate that RGC Resources Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RGCO shares. Weiss Ratings upgraded RGC Resources from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, February 10th. Wall Street Zen raised RGC Resources from a “sell” rating to a “hold” rating in a report on Sunday, February 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

RGC Resources Company Profile

RGC Resources, Inc (NASDAQ: RGCO) is a natural gas distribution and transmission company headquartered in Wheeling, West Virginia. Through its regulated subsidiaries, the company provides energy delivery services to residential, commercial and industrial customers across northern West Virginia, western Pennsylvania and parts of Maryland. RGC Resources focuses on maintaining a safe and efficient local pipeline network to ensure reliable supply to its service areas.

The company operates two primary business segments: distribution and transmission.