Gold prices steady ahead of Fed decision; weekly weakness noted
RGC Resources INC (EXCHANGE:RGCO), a $235 million market cap utility company with strong dividend credentials, saw its VP, Human Resources, Miles Christen Brooke, report purchasing 4.378 shares of common stock on July 1, 2025, at $22.84, totaling $99. According to InvestingPro analysis, the stock appears fairly valued, trading at a P/E ratio of 16.85.
The purchase was made through the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan. The company has maintained dividend payments for 32 consecutive years and currently offers a 3.64% yield. Following the transaction, Brooke directly owns 6719.635 shares of RGC Resources INC.
Brooke also declared holding 5,000 Employee Stock Options. InvestingPro subscribers can access detailed insider trading patterns and 12 more exclusive tips about RGC Resources, along with comprehensive financial health metrics showing an overall GOOD rating.
In other recent news, RGC Resources Inc (NASDAQ:RGCO). reported its second-quarter 2025 earnings, which exceeded market expectations. The company achieved earnings per share (EPS) of $0.74, surpassing the forecasted $0.68, while revenue reached $36.46 million, exceeding the anticipated $34 million. This performance marked a 17% increase in net income year-over-year, reaching $7.7 million, and was attributed to increased gas margins following the implementation of new rates. Additionally, RGC Resources raised its EPS guidance for 2025 to a range of $1.22-$1.27, reflecting confidence in continued growth. The company also reported a 20% increase in delivered gas volumes and managed to connect 359 new services, demonstrating operational efficiency. Despite a decrease in capital expenditures by 5% compared to the previous year, the company maintained strong financial performance. RGC Resources is considering refinancing $26.6 million in midstream debt, with positive discussions underway with bankers. The company anticipates a small net loss in the fourth quarter due to seasonal factors and continues to monitor inflation and interest rates closely.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.