Deutsche Bank AG lifted its position in shares of RGC Resources (NASDAQ:RGCO) by 140.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,259 shares of the energy company’s stock after buying an additional 8,924 shares during the quarter. Deutsche Bank AG owned about 0.21% of RGC Resources worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of RGC Resources by 1.2% during the fourth quarter. BlackRock Inc. now owns 287,772 shares of the energy company’s stock worth $7,793,000 after buying an additional 3,325 shares during the period. Dimensional Fund Advisors LP increased its position in shares of RGC Resources by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 76,714 shares of the energy company’s stock worth $2,192,000 after buying an additional 3,657 shares during the period. Bank of New York Mellon Corp increased its position in shares of RGC Resources by 151.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,681 shares of the energy company’s stock worth $1,400,000 after buying an additional 31,089 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of RGC Resources by 86.7% during the fourth quarter. Wells Fargo & Company MN now owns 19,201 shares of the energy company’s stock worth $520,000 after buying an additional 8,919 shares during the period.

RGCO opened at $26.60 on Friday. RGC Resources has a twelve month low of $26.60 and a twelve month high of $26.92. The company has a quick ratio of 0.97, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The firm has a market cap of $210.51 million, a PE ratio of 30.93 and a beta of -0.06.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Tuesday, May 1st. The energy company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.12). The firm had revenue of $24.92 million for the quarter, compared to analyst estimates of $23.20 million. RGC Resources had a return on equity of 9.29% and a net margin of 9.65%. research analysts anticipate that RGC Resources will post 0.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 1st. Shareholders of record on Monday, July 16th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, July 13th. RGC Resources’s payout ratio is 72.09%.

Several research firms have recently weighed in on RGCO. Zacks Investment Research cut shares of RGC Resources from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Janney Montgomery Scott upgraded shares of RGC Resources from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, February 6th. Seaport Global Securities began coverage on shares of RGC Resources in a research report on Tuesday, April 17th. They set a “neutral” rating for the company. Finally, TheStreet cut shares of RGC Resources from a “b” rating to a “c+” rating in a research report on Friday, February 2nd.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.

Want to see what other hedge funds are holding RGCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RGC Resources (NASDAQ:RGCO).

Institutional Ownership by Quarter for RGC Resources (NASDAQ:RGCO)

Receive News & Ratings for RGC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RGC Resources and related companies with MarketBeat.com's FREE daily email newsletter.