Paul W. Nester, the President and CEO of RGC Sources Inc . (NASDAQ:RGCO), a $207 million market cap utility firm, just lately acquired 500 shares of the corporate’s frequent inventory. The acquisition, which occurred on December 19, 2024, was executed at a value of $19.80 per share, amounting to a complete worth of $9,900. In accordance with InvestingPro evaluation, the inventory at present trades at a P/E ratio of 17.5x. Following this transaction, Nester now holds 104,386.869 shares of the corporate. This enhance in shareholding contains further shares bought by way of dividend reinvestment plans. InvestingPro knowledge reveals the corporate has maintained dividend funds for 31 consecutive years, with a present yield of 4.1%. Subscribers can entry 5 further ProTips and complete valuation metrics by way of the platform’s detailed analysis reviews.
In different current information, RGC Sources Inc. reported its fourth-quarter earnings for 2024, surpassing expectations with earnings per share (EPS) of $0.01, in comparison with a predicted lack of $0.01. This optimistic shock, nonetheless, was overshadowed by a major lower in internet revenue to $141,000 from $1 million in the identical interval final yr. Regardless of this, full-year internet revenue noticed a slight enhance, rising to $11.8 million from $11.3 million in 2023.
Income for the quarter was reported at $13.1 million, barely above the forecasted $13 million. Capital spending for the corporate has decreased to $22.1 million from $25.3 million in 2023.
Wanting forward, RGC Sources forecasts EPS between $1.18 and $1.25 for 2025 and plans to speculate $21.6 million in capital spending. The corporate additionally introduced a 4% dividend enhance to $0.83 yearly.
Regardless of these optimistic developments, the corporate’s inventory fell by 4.29% in after-hours buying and selling, indicating investor issues about decrease internet revenue and broader financial challenges. Nonetheless, RGC Sources stays optimistic about its progress prospects and is exploring potential enlargement alternatives for the Mountain Valley Pipeline.
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