RGCO icon

RGC Resources

20.26 USD
+0.60
3.05%
At close Dec 20, 4:00 PM EST
After hours
20.26
+0.00
0.00%
1 day
3.05%
5 days
-0.83%
1 month
0.20%
3 months
-8.03%
6 months
0.05%
Year to date
0.35%
1 year
-5.06%
5 years
-29.31%
10 years
38.77%
 

About: RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia, and its surrounding localities. The company also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other including the unregulated activities of the Company as well as certain corporate eliminations.

Employees: 104

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

350% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 2

93% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 14

39% more call options, than puts

Call options by funds: $32K | Put options by funds: $23K

14% more capital invested

Capital invested by funds: $76.3M [Q2] → $87M (+$10.7M) [Q3]

11% more funds holding

Funds holding: 66 [Q2] → 73 (+7) [Q3]

1.23% more ownership

Funds ownership: 36.65% [Q2] → 37.88% (+1.23%) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for RGCO.

Financial journalist opinion

Based on 4 articles about RGCO published over the past 30 days

Positive
Zacks Investment Research
1 week ago
All You Need to Know About RGC Resources (RGCO) Rating Upgrade to Buy
RGC Resources (RGCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
All You Need to Know About RGC Resources (RGCO) Rating Upgrade to Buy
Neutral
Seeking Alpha
2 weeks ago
RGC Resources, Inc. (RGCO) Q4 2024 Earnings Call Transcript
RGC Resources, Inc. (NASDAQ:RGCO ) Q4 2024 Earnings Conference Call December 5, 2024 9:00 AM ET Company Participants Tommy Oliver - Senior Vice President, Regulatory and External Affairs Tim Mulvaney - Treasurer and Chief Financial Officer Paul Nester - President and Chief Executive Officer Conference Call Participants Michael Gaugler - Janney Montgomery Scott Tim Winter - Gabelli Funds Operator Good morning from a cold and blustery run of Virginia. I want to thank you for joining us as we discuss RGC resources, 2024 Fourth Quarter and Full-Year Results.
RGC Resources, Inc. (RGCO) Q4 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
3 weeks ago
RGC Resources, Inc. Schedules Fourth Quarter 2024 Earnings Call
ROANOKE, Va., Nov. 25, 2024 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) will host its quarterly conference call and webcast to review the results of its fiscal fourth quarter and 2024 fiscal year on Thursday, December 5, 2024 at 9:00 a.m. eastern time. Related presentation materials will be available before the call on the Company website on the Investor & Financial Information page at https://www.rgcresources.com/investor-financial-information/ .
RGC Resources, Inc. Schedules Fourth Quarter 2024 Earnings Call
Neutral
GlobeNewsWire
4 weeks ago
RGC Resources, Inc. Raises Annual Dividend to $0.83 per Share
ROANOKE, Va., Nov. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq: RGCO), at its meeting on November 22, 2024, declared a quarterly dividend of $0.2075 per share on the Company's common stock. The indicated annual dividend is $0.83 per share, a $0.03, or 3.8%, per share increase over the prior annual level. The Company has now increased the annual dividend 21 consecutive years. Paul Nester, CEO of RGC Resources, Inc., stated, “The Roanoke Gas utility continues to deliver solid operational and financial performance. Further, we are pleased that the MVP was completed in 2024 and now delivering affordable, reliable natural gas to Southwest Virginia. This dividend increase, our 21st annual increase, reflects our commitment to deliver long-term shareholder value.” The dividend will be paid on February 1, 2025 to shareholders of record on January 17, 2025. This is the Company's 323rd consecutive quarterly cash dividend.
RGC Resources, Inc. Raises Annual Dividend to $0.83 per Share
Positive
Zacks Investment Research
1 month ago
RGC Resources Inc. (RGCO) Beats Q4 Earnings and Revenue Estimates
RGC Resources Inc. (RGCO) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.10 per share a year ago.
RGC Resources Inc. (RGCO) Beats Q4 Earnings and Revenue Estimates
Neutral
GlobeNewsWire
1 month ago
RGC Resources, Inc. Reports 2024 Earnings
ROANOKE, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $11,760,896, or $1.16 per share, for the fiscal year ended September 30, 2024, compared to $11,299,282, or $1.14 per share, for the fiscal year ended September 30, 2023. The increase reflected higher levels of earnings from the Company's investment in the Mountain Valley Pipeline (“MVP”) due to more AFUDC in fiscal 2024 prior to the pipeline being placed in service in June 2024. The lower cost of natural gas in 2024 reduced bills to customers and revenues for the Company, despite inflationary costs leading to higher tariffs. Interest expense also increased primarily due to higher interest rates.
RGC Resources, Inc. Reports 2024 Earnings
Positive
Zacks Investment Research
1 month ago
RGC Resources (RGCO) Soars 13.0%: Is Further Upside Left in the Stock?
RGC Resources (RGCO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
RGC Resources (RGCO) Soars 13.0%: Is Further Upside Left in the Stock?
Neutral
GlobeNewsWire
2 months ago
RGC Resources, Inc. Declares Quarterly Dividend
ROANOKE, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on September 30, 2024, declared a quarterly dividend of $0.20 per share on the Company's common stock. The dividend will be paid on November 1, 2024 to shareholders of record on October 18, 2024. This is the Company's 322nd consecutive quarterly cash dividend.
RGC Resources, Inc. Declares Quarterly Dividend
Neutral
Seeking Alpha
4 months ago
RGC Resources, Inc. (RGCO) Q3 2024 Earnings Call Transcript
RGC Resources, Inc. (NASDAQ:RGCO ) Q3 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Tommy Oliver - Senior Vice President of Regulatory & External Affairs Tim Mulvaney - Treasurer & Chief Financial Officer Paul Nester - President & Chief Executive Officer Conference Call Participants Michael Gaugler - Janney Montgomery Scott Tommy Oliver Good morning, everyone, and thank you for joining us as we discuss RGC Resources 2024 Third Quarter Results. I am Tommy Oliver, Senior Vice President, Regulatory and External Affairs for RGC Resources.
RGC Resources, Inc. (RGCO) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
4 months ago
RGC Resources Inc. (RGCO) Misses Q3 Earnings Estimates
RGC Resources Inc. (RGCO) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.07 per share a year ago.
RGC Resources Inc. (RGCO) Misses Q3 Earnings Estimates
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