RGC Resources Inc. (NASDAQ:RGCO) released its quarterly earnings results on Monday, July 31st. The energy company reported $0.08 EPS for the quarter, Bloomberg Earnings reports. RGC Resources had a return on equity of 10.70% and a net margin of 10.01%. The firm had revenue of $11.44 million for the quarter.
RGC Resources (NASDAQ RGCO) traded down 4.67% during midday trading on Friday, hitting $25.10. The company’s stock had a trading volume of 19,890 shares. RGC Resources has a 52-week low of $14.88 and a 52-week high of $31.99. The company has a market cap of $181.52 million, a PE ratio of 29.08 and a beta of 0.12. The stock has a 50 day moving average of $27.70 and a 200 day moving average of $23.27.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 17th were given a $0.145 dividend. The ex-dividend date was Thursday, July 13th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.31%. RGC Resources’s dividend payout ratio (DPR) is presently 67.70%.
In other RGC Resources news, VP C James Shockley, Jr. sold 4,500 shares of RGC Resources stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $27.11, for a total transaction of $121,995.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have acquired 360 shares of company stock worth $9,578. Insiders own 8.40% of the company’s stock.
An institutional investor recently raised its position in RGC Resources stock. Vanguard Group Inc. increased its position in RGC Resources Inc. (NASDAQ:RGCO) by 56.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,896 shares of the energy company’s stock after buying an additional 15,393 shares during the period. Vanguard Group Inc. owned about 0.59% of RGC Resources worth $1,215,000 as of its most recent filing with the SEC.
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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