Burke & Herbert Bank & Trust Co. Acquires Shares of 40,025 RGC Resources, Inc. (NASDAQ:RGCO)

Burke & Herbert Bank & Trust Co. bought a new position in shares of RGC Resources, Inc. (NASDAQ:RGCO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,025 shares of the energy company’s stock, valued at approximately $819,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of RGC Resources in the fourth quarter valued at about $35,000. BNP Paribas Financial Markets lifted its position in shares of RGC Resources by 62.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,011 shares of the energy company’s stock worth $81,000 after buying an additional 1,535 shares in the last quarter. Keel Point LLC bought a new position in shares of RGC Resources during the 4th quarter worth approximately $203,000. Price T Rowe Associates Inc. MD boosted its stake in shares of RGC Resources by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,680 shares of the energy company’s stock worth $217,000 after buying an additional 539 shares during the last quarter. Finally, FCA Corp TX grew its holdings in shares of RGC Resources by 2.4% in the fourth quarter. FCA Corp TX now owns 43,213 shares of the energy company’s stock valued at $879,000 after acquiring an additional 1,009 shares in the last quarter. Institutional investors and hedge funds own 35.77% of the company’s stock.

RGC Resources Stock Up 0.3 %

Shares of NASDAQ:RGCO opened at $19.84 on Wednesday. The company has a market capitalization of $202.76 million, a PE ratio of 15.26 and a beta of 0.16. RGC Resources, Inc. has a 1 year low of $15.36 and a 1 year high of $23.70. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.07 and a quick ratio of 0.69. The business has a fifty day moving average price of $20.62 and a two-hundred day moving average price of $20.17.

RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). RGC Resources had a net margin of 15.04% and a return on equity of 11.93%. The firm had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $14.00 million. During the same quarter in the previous year, the company posted $0.07 EPS. Analysts forecast that RGC Resources, Inc. will post 1.14 earnings per share for the current year.

About RGC Resources

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.