Cutter & CO Brokerage Inc. Sells 951 Shares of RGC Resources, Inc. (NASDAQ:RGCO)

Cutter & CO Brokerage Inc. lowered its stake in shares of RGC Resources, Inc. (NASDAQ:RGCO) by 0.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 136,997 shares of the energy company’s stock after selling 951 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in RGC Resources were worth $2,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RGCO. JPMorgan Chase & Co. boosted its holdings in RGC Resources by 267.6% during the third quarter. JPMorgan Chase & Co. now owns 14,695 shares of the energy company’s stock worth $332,000 after buying an additional 10,697 shares during the last quarter. Barclays PLC boosted its holdings in RGC Resources by 257.3% during the third quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock worth $247,000 after buying an additional 7,879 shares during the last quarter. Geode Capital Management LLC boosted its holdings in RGC Resources by 4.1% during the third quarter. Geode Capital Management LLC now owns 196,205 shares of the energy company’s stock worth $4,429,000 after buying an additional 7,701 shares during the last quarter. Cerity Partners LLC boosted its holdings in RGC Resources by 4.6% during the third quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock worth $590,000 after buying an additional 1,161 shares during the last quarter. Finally, 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 during the last quarter. Institutional investors own 35.77% of the company’s stock.

Wall Street Analyst Weigh In

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

RGC Resources Trading Down 1.0 %

NASDAQ RGCO opened at $20.03 on Wednesday. The firm has a market cap of $206.25 million, a P/E ratio of 17.12 and a beta of 0.18. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.56 and a quick ratio of 0.41. The stock’s 50-day moving average is $20.48 and its 200-day moving average is $20.72. RGC Resources, Inc. has a one year low of $18.38 and a one year high of $24.20.

RGC Resources (NASDAQ:RGCO) last released its quarterly earnings results on Monday, February 10th. The energy company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. RGC Resources had a return on equity of 10.94% and a net margin of 13.73%. Sell-side analysts anticipate that RGC Resources, Inc. will post 1.23 earnings per share for the current fiscal year.

RGC Resources 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.