Today’s Market Runner: RGC Resources Inc (NASDAQ:RGCO) Institutional Investors Sentiment Index Improved in Q2 2016

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Today's Market Runner: RGC Resources Inc (NASDAQ:RGCO) Institutional Investors Sentiment Index  Improved in  Q2 2016

Sentiment for RGC Resources Inc (NASDAQ:RGCO)

RGC Resources Inc (NASDAQ:RGCO) institutional sentiment increased to 1.11 in 2016 Q2. Its up 0.11, from 1 in 2016Q1. The ratio increased, as 10 institutional investors opened new and increased holdings, while 9 reduced and sold holdings in RGC Resources Inc. The institutional investors in our partner’s database now have: 673,988 shares, up from 620,802 shares in 2016Q1. Also, the number of institutional investors holding RGC Resources Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 0 Reduced: 9 Increased: 5 New Position: 5.

RGC Resources, Inc. is an energy services company. The company has a market cap of $117.64 million. The Firm is primarily engaged in the sale and distribution of natural gas to approximately 59,000 residential, commercial and industrial clients in Roanoke, Virginia and the surrounding localities. It has a 20.56 P/E ratio. The Firm conducts its activities primarily through its subsidiaries, including Roanoke Gas Company , Diversified Energy Company, RGC Ventures of Virginia, Inc. and RGC Midstream, LLC.

About 224 shares traded hands. RGC Resources Inc. (NASDAQ:RGCO) has risen 12.43% since April 15, 2016 and is uptrending. It has outperformed by 7.80% the S&P500.

Analysts await RGC Resources Inc. (NASDAQ:RGCO) to report earnings on November, 28.

According to Zacks Investment Research, “RGC Resources, Inc. has thousands of customers through its natural gas distribution companies that serve the Roanoke Valley and Bluefield, Virginia and West Virginia areas and Diversified Energy Company, which serves the Roanoke Valley, Southwestern Virginia and Southern West Virginia. The company’s stock will continue to be listed on the Nasdaq National Market, trading symbol RGCO. (PRESS RELEASE)”

Cutter & Co Brokerage Inc. holds 0.86% of its portfolio in RGC Resources Inc. for 82,887 shares. Dixon Hubard Feinour & Brown Inc Va owns 47,669 shares or 0.37% of their US portfolio. Moreover, Fca Corp Tx has 0.29% invested in the company for 23,310 shares. The Illinois-based North Star Investment Management Corp. has invested 0.17% in the stock. Trust Co Of Virginia Va, a Virginia-based fund reported 38,782 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 23 buys, and 0 selling transactions for $54,216 net activity.

RGCO Company Profile

RGC Resources, Inc., incorporated on July 31, 1998, is an energy services company. The Firm is primarily engaged in the sale and distribution of natural gas to approximately 59,000 residential, commercial and industrial clients in Roanoke, Virginia and the surrounding localities. The Firm conducts its activities primarily through its subsidiaries, including Roanoke Gas Company (Roanoke Gas), Diversified Energy Company, RGC Ventures of Virginia, Inc. and RGC Midstream, LLC. Roanoke Gas also provides certain non-regulated services. Roanoke Gas uses a third-party asset manager to manage its pipeline transportation and storage rights, and gas supply inventories and deliveries.

More recent RGC Resources Inc. (NASDAQ:RGCO) news were published by: Reuters.com which released: “BRIEF-RGC Resources Inc- unit entered into a term loan agreement and unse…” on November 07, 2016. Also Streetinsider.com published the news titled: “Form 4 RGC RESOURCES INC For: Nov 01 Filed by: GOODLATTE MARYELLEN F” on November 02, 2016. Businesswire.com‘s news article titled: “Mountain Valley Pipeline to Provide Natural Gas Service to Virginia …” with publication date: October 01, 2015 was also an interesting one.

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By Marguerite Chambers

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