RGC Resources (NASDAQ:RGCO) Shares Break Below 200 Day Moving Average – Here’s What Happened

Posted by Geri Gentry on Oct 18th, 2026

RGC Resources Inc. (NASDAQ:RGCO – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $22.60 and traded as low as $22.59. RGC Resources shares last traded at $22.63, with a volume of 7,245 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RGCO shares. Huntington assumed coverage on shares of RGC Resources in a research report on Monday, September 14th. They set an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen raised shares of RGC Resources from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings downgraded shares of RGC Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $27.00.

Check Out Our Latest Stock Report on RGCO

RGC Resources Price Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.67 and a current ratio of 0.94. The company has a market cap of $235.80 million, a price-to-earnings ratio of 16.89 and a beta of 0.50. The business has a fifty day moving average price of $21.72 and a 200 day moving average price of $22.60.

RGC Resources (NASDAQ:RGCO – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). RGC Resources had a net margin of 13.05% and a return on equity of 11.73%. The business had revenue of $17.11 million during the quarter, compared to analyst estimates of $18.19 million.

RGC Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 16th will be paid a dividend of $0.2175 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $0.87 annualized dividend and a yield of 3.8%. RGC Resources’s payout ratio is presently 64.93%.

Insider Activity at RGC Resources

In related news, Director John Williamson, III bought 2,500 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average price of $20.94 per share, with a total value of $52,350.00. Following the completion of the acquisition, the director owned 182,431 shares of the company’s stock, valued at $3,820,105.14. The trade was a 1.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 8,330 shares of company stock valued at $175,638 over the last three months. 7.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RGC Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG acquired a new position in RGC Resources during the 2nd quarter worth approximately $199,000. D.A. Davidson & CO. bought a new position in RGC Resources in the 1st quarter valued at approximately $201,000. Oppenheimer Asset Management Inc. acquired a new stake in RGC Resources in the second quarter valued at approximately $248,000. Hennessy Advisors Inc. boosted its position in RGC Resources by 6.2% in the second quarter. Hennessy Advisors Inc. now owns 13,754 shares of the energy company’s stock valued at $329,000 after buying an additional 800 shares in the last quarter. Finally, FCA Corp TX boosted its holdings in shares of RGC Resources by 1.9% during the 1st quarter. FCA Corp TX now owns 42,773 shares of the energy company’s stock valued at $943,000 after acquiring an additional 795 shares in the last quarter. 35.77% of the stock is owned by institutional investors.

RGC Resources Company Profile

(Get Free Report)

RGC Resources, Inc is a holding company whose principal subsidiary, Roanoke Gas Company, distributes natural gas to residential, commercial and industrial customers in and around Roanoke, Virginia. The company’s operations include the delivery of natural gas through a regulated local distribution system and related customer services.

Roanoke Gas Company has served the Roanoke Valley for more than a century, developing and maintaining the infrastructure needed to provide natural gas to communities in southwestern Virginia.