Anti-RGC Resources Inc Institutional Investors Sentiment Runs Low in Q3 2018

RGC Resources, Inc. (NASDAQ:RGCO) Logo

Sentiment for RGC Resources Inc (NASDAQ:RGCO)

RGC Resources Inc (NASDAQ:RGCO) institutional sentiment decreased to 2.25 in 2018 Q3. Its down -1.13, from 3.38 in 2018Q2. The ratio dived, as 27 investment professionals opened new and increased holdings, while 12 sold and reduced positions in RGC Resources Inc. The investment professionals in our partner’s database now hold: 2.51 million shares, down from 4.88 million shares in 2018Q2. Also, the number of investment professionals holding RGC Resources Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 7 Increased: 22 New Position: 5.

RGC Resources, Inc., through its subsidiaries, operates as an energy services company. The company has market cap of $235.07 million. The firm sells and distributes natural gas to residential, commercial, and industrial clients in Roanoke, Virginia, and the surrounding localities. It has a 30.92 P/E ratio. It also provides various unregulated services.

The stock decreased 1.89% or $0.56 during the last trading session, reaching $29.37. About 2,494 shares traded. RGC Resources, Inc. (NASDAQ:RGCO) has risen 3.42% since January 14, 2018 and is uptrending. It has outperformed by 3.42% the S&P500.

Analysts await RGC Resources, Inc. (NASDAQ:RGCO) to report earnings on February, 4. They expect $0.32 earnings per share, up 28.00 % or $0.07 from last year’s $0.25 per share. RGCO’s profit will be $2.56 million for 22.95 P/E if the $0.32 EPS becomes a reality. After $0.09 actual earnings per share reported by RGC Resources, Inc. for the previous quarter, Wall Street now forecasts 255.56 % EPS growth.

Dixon Hubard Feinour & Brown Inc Va holds 0.6% of its portfolio in RGC Resources, Inc. for 80,577 shares. Fca Corp Tx owns 34,269 shares or 0.35% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.2% invested in the company for 68,387 shares. The Virginia-based Trust Co Of Virginia Va has invested 0.2% in the stock. Dalton Greiner Hartman Maher & Co, a New York-based fund reported 132,737 shares.

Since January 1, 0001, it had 11 insider buys, and 5 selling transactions for $172,622 activity.

More notable recent RGC Resources, Inc. (NASDAQ:RGCO) news were published by: Globenewswire.com which released: “RGC Resources, Inc. Declares Quarterly Dividend Nasdaq:RGCO – GlobeNewswire” on September 25, 2018, also Globenewswire.com with their article: “RGC Resources, Inc. Prices Public Offering of Common Stock – GlobeNewswire” published on March 15, 2018, Seekingalpha.com published: “Upcoming Dividends: 35 Companies, 12 Increases, 6 Double-Digit Increases – Seeking Alpha” on April 05, 2018. More interesting news about RGC Resources, Inc. (NASDAQ:RGCO) were released by: Seekingalpha.com and their article: “31 Dividend Growth Stocks Going Ex-Dividend Next Week – Seeking Alpha” published on January 04, 2018 as well as Seekingalpha.com‘s news article titled: “Midstream Out Of Office Washout – Seeking Alpha” with publication date: September 02, 2018.

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

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