RGC Resources (NASDAQ:RGCO) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

RGC Resources, Inc. (NASDAQ:RGCO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.78 and traded as high as $21.00. RGC Resources shares last traded at $19.82, with a volume of 19,245 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of RGC Resources from a “hold” rating to a “sell” rating in a research report on Thursday.

RGC Resources Stock Performance

The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.87. The company has a market cap of $203.41 million, a PE ratio of 17.09 and a beta of 0.17. The company’s 50 day moving average price is $20.86 and its 200-day moving average price is $20.78.

RGC Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 17th will be paid a $0.2075 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is a positive change from RGC Resources’s previous quarterly dividend of $0.20. This represents a $0.83 annualized dividend and a dividend yield of 4.19%. RGC Resources’s payout ratio is presently 71.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in RGC Resources by 5.6% in the 2nd quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock valued at $191,000 after acquiring an additional 497 shares during the period. Barclays PLC increased its stake in shares of RGC Resources by 257.3% in the third quarter. Barclays PLC now owns 10,941 shares of the energy company’s stock worth $247,000 after purchasing an additional 7,879 shares in the last quarter. Fruth Investment Management raised its position in shares of RGC Resources by 10.1% in the third quarter. Fruth Investment Management now owns 13,100 shares of the energy company’s stock valued at $295,000 after purchasing an additional 1,198 shares during the period. Cerity Partners LLC lifted its stake in shares of RGC Resources by 4.6% during the 3rd quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock valued at $590,000 after buying an additional 1,161 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of RGC Resources by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 43,433 shares of the energy company’s stock valued at $888,000 after buying an additional 600 shares in the last quarter. Institutional investors own 35.77% of the company’s stock.

RGC Resources Company 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.