Institutional Investors Are Crazy For RGC Resources Inc (NASDAQ:RGCO)

September 16, 2018 - By Sheila Pollock

RGC Resources, Inc. (NASDAQ:RGCO) Logo

Sentiment for RGC Resources Inc (NASDAQ:RGCO)

RGC Resources Inc (NASDAQ:RGCO) institutional sentiment increased to 3.38 in Q2 2018. Its up 2.38, from 1 in 2018Q1. The ratio increased, as 27 investment managers started new or increased equity positions, while 8 sold and reduced stakes in RGC Resources Inc. The investment managers in our partner’s database now hold: 4.88 million shares, up from 2.26 million shares in 2018Q1. Also, the number of investment managers holding RGC Resources Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 8 Increased: 20 New Position: 7.

RGC Resources, Inc., through its subsidiaries, operates as an energy services company. The company has market cap of $209.98 million. The firm sells and distributes natural gas to residential, commercial, and industrial clients in Roanoke, Virginia, and the surrounding localities. It has a 29.24 P/E ratio. It also provides various unregulated services.

The stock decreased 1.05% or $0.28 during the last trading session, reaching $26.29. About 8,115 shares traded. RGC Resources, Inc. (NASDAQ:RGCO) has declined 1.28% since September 16, 2017 and is downtrending. It has underperformed by 16.90% the S&P500.

Analysts await RGC Resources, Inc. (NASDAQ:RGCO) to report earnings on November, 21. They expect $0.02 EPS, 0.00 % or $0.00 from last year’s $0.02 per share. RGCO’s profit will be $159,738 for 328.63 P/E if the $0.02 EPS becomes a reality. After $0.14 actual EPS reported by RGC Resources, Inc. for the previous quarter, Wall Street now forecasts -85.71 % negative EPS growth.

Dixon Hubard Feinour & Brown Inc Va holds 0.68% of its portfolio in RGC Resources, Inc. for 80,577 shares. Fca Corp Tx owns 34,269 shares or 0.4% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.23% invested in the company for 68,387 shares. The Virginia-based Trust Co Of Virginia Va has invested 0.22% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 128,228 shares.

Since January 1, 0001, it had 18 insider buys, and 0 selling transactions for $28,039 activity.

RGC Resources, Inc. (NASDAQ:RGCO) Ratings Coverage

Ratings analysis reveals 0 of Rgc Resources Inc’s analysts are positive. Out of 2 Wall Street analysts rating Rgc Resources Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. RGCO was included in 2 notes of analysts from April 17, 2018. On Tuesday, April 17 the stock rating was initiated by Seaport Global with “Hold”. The stock of RGC Resources, Inc. (NASDAQ:RGCO) has “Hold” rating given on Thursday, June 7 by Janney Capital.

Another recent and important RGC Resources, Inc. (NASDAQ:RGCO) news was published by which published an article titled: “Mid-Day Market Update: NASDAQ Down Over 100 Points; ProQR Therapeutics Shares Surge” on September 05, 2018.

RGC Resources, Inc. (NASDAQ:RGCO) Institutional Positions Chart

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