Barclays PLC Has $247,000 Holdings in RGC Resources, Inc. (NASDAQ:RGCO)

Barclays PLC lifted its holdings in RGC Resources, Inc. (NASDAQ:RGCO) by 257.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,941 shares of the energy company’s stock after acquiring an additional 7,879 shares during the quarter. Barclays PLC’s holdings in RGC Resources were worth $247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gabelli Funds LLC boosted its holdings in shares of RGC Resources by 16.4% in the 2nd quarter. Gabelli Funds LLC now owns 224,206 shares of the energy company’s stock worth $4,585,000 after acquiring an additional 31,651 shares in the last quarter. State Street Corp boosted its holdings in shares of RGC Resources by 0.6% in the 3rd quarter. State Street Corp now owns 104,929 shares of the energy company’s stock worth $2,368,000 after acquiring an additional 592 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of RGC Resources by 4.6% in the 3rd quarter. Cerity Partners LLC now owns 26,131 shares of the energy company’s stock worth $590,000 after acquiring an additional 1,161 shares in the last quarter. Rhumbline Advisers lifted its holdings in RGC Resources by 5.6% during the 2nd quarter. Rhumbline Advisers now owns 9,338 shares of the energy company’s stock worth $191,000 after buying an additional 497 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in RGC Resources by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 43,433 shares of the energy company’s stock worth $888,000 after buying an additional 600 shares in the last quarter. 35.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded RGC Resources from a “hold” rating to a “sell” rating in a report on Thursday, December 19th.

RGC Resources Stock Up 0.2 %

NASDAQ:RGCO opened at $20.04 on Monday. The stock’s fifty day moving average price is $20.68 and its two-hundred day moving average price is $20.74. RGC Resources, Inc. has a 52-week low of $17.90 and a 52-week high of $24.20. 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 $205.67 million, a price-to-earnings ratio of 17.28 and a beta of 0.18.

RGC Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 17th will be issued a dividend of $0.2075 per share. This is an increase from RGC Resources’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, January 17th. This represents a $0.83 annualized dividend and a yield of 4.14%. RGC Resources’s dividend payout ratio is currently 71.55%.

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.