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Hot Stocks
RGC Resources says subsidiary recorded pre-tax impairment of $39.8M » 14:11
04/07/22
04/07
14:11
04/07/22
14:11
RGCO

RGC Resources

$21.75 /

+ (+0.00%)

In a regulatory filing,…

In a regulatory filing, RGC Resources disclosed that RGC Midstream, a wholly owned subsidiary of RGC Resources, is an equity method investor in Mountain Valley Pipeline, a joint venture established for the construction and operation of the Mountain Valley Pipeline, or "MVP," and MVP Southgate. "As disclosed on the Form 8-K dated February 22, 2022 and amended March 23, 2022, due primarily to recent decisions by the U.S. Court of Appeals for the Fourth Circuit vacating and remanding certain permits necessary for the completion of MVP construction and commercial operation, and the greater uncertainty that now exists given the Court's actions, as well as the recent actions by project partners to impair their respective investments and the discontinuance of the previously-publicized summer 2022 in-service target for the MVP project, on April 7, 2022, Midstream assessed the value of its equity investment in the LLC to determine whether the fair value of its investment in the LLC had declined below its carrying value on an other-than-temporary basis as of February 22, 2022, and concluded an impairment charge is required. Midstream has recorded a pre-tax impairment loss of approximately $39.8 million, or $29.6 million, after tax, that reduced the carrying value of its investment in the LLC from $66 million to $26 million, with $10 million associated as a deferred tax asset. This impairment, based on an updated fair value analysis required for accounting purposes, will be recorded in the second quarter of 2022. Resources remains committed to completing the MVP project and is supportive of engagement with federal agencies, legal counsel and the other joint venture partners to evaluate the best path forward," the filing stated.

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RGCO RGC Resources
$21.75 /

+ (+0.00%)

RGCO RGC Resources
$21.75 /

+ (+0.00%)

Hot Stocks
RGC Resources announces $4M investment from T. Rowe Price » 10:36
03/30/22
03/30
10:36
03/30/22
10:36
RGCO

RGC Resources

$21.40 /

+0.37 (+1.76%)

, TROW

T. Rowe Price

$155.38 /

+0.5 (+0.32%)

RGC Resources (RGCO)…

RGC Resources (RGCO) closed a $4M common stock investment by funds and accounts advised by T. Rowe Price Investment Management (TROW). T. Rowe Price's investment follows the $23M of investments announced by Resources on March 28, 2022.

ShowHide Related Items >><<
TROW T. Rowe Price
$155.38 /

+0.5 (+0.32%)

RGCO RGC Resources
$21.40 /

+0.37 (+1.76%)

RGCO RGC Resources
$21.40 /

+0.37 (+1.76%)

TROW T. Rowe Price
$155.38 /

+0.5 (+0.32%)

02/18/22 Deutsche Bank
T. Rowe Price price target lowered to $159 from $172 at Deutsche Bank
01/28/22 BMO Capital
T. Rowe Price price target lowered to $198 from $240 at BMO Capital
01/28/22 Citi
Citi cuts T. Rowe Price target but removes negative watch
01/28/22 Citi
T. Rowe Price price target lowered to $116.50 from $136 at Citi
TROW T. Rowe Price
$155.38 /

+0.5 (+0.32%)

TROW T. Rowe Price
$155.38 /

+0.5 (+0.32%)

RGCO RGC Resources
$21.40 /

+0.37 (+1.76%)

Hot Stocks
RGC Resources announces $21M investment from InterTech » 16:31
03/28/22
03/28
16:31
03/28/22
16:31
RGCO

RGC Resources

$21.12 /

+0.12 (+0.57%)

RGC Resources closed…

RGC Resources closed today a $21M common stock investment by affiliates of The InterTech Group. Resources also closed an additional $2M common stock investment by long-time shareholder Ted Gibson.

ShowHide Related Items >><<
RGCO RGC Resources
$21.12 /

+0.12 (+0.57%)

RGCO RGC Resources
$21.12 /

+0.12 (+0.57%)

Hot Stocks
RGC Resources withdraws FY22 earnings guidance » 17:05
02/22/22
02/22
17:05
02/22/22
17:05
RGCO

RGC Resources

$21.39 /

-0.42 (-1.93%)

RGC Midstream, a…

RGC Midstream, a subsidiary of RGC Resources, issued the following statement concerning its investment in the Mountain Valley Pipeline: "Due primarily to recent decisions by the U.S. Court of Appeals for the Fourth Circuit vacating and remanding certain permits necessary for the completion of MVP construction and commercial operation, and the greater uncertainty that now exists given the Court's actions, as well as the recent actions by project partners to impair their respective investments and the discontinuance of the previously-publicized summer 2022 in-service target for the MVP project, Midstream is evaluating the degree to which a material impairment to its investment exists. It is likely that Midstream will recognize a material impairment charge in the fiscal second quarter. A public disclosure concerning the nature and amount of the impairment charge will be made in accordance with SEC rules. Regardless of impairment to Midstream's investment in the MVP joint venture, Resources remains committed to completing the MVP project and is supportive of engagement with federal agencies, legal counsel and the other joint venture partners to evaluate the best path forward. Resources' 2022 earnings guidance assumed a summer of 2022 MVP in-service. Projected earnings from Midstream's equity investment were incorporated in Resources' 2022 guidance. Due to the impairment evaluation and the discontinuance of the summer 2022 in-service target for the MVP project, Resources is withdrawing its fiscal 2022 earnings guidance."

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RGCO RGC Resources
$21.39 /

-0.42 (-1.93%)

RGCO RGC Resources
$21.39 /

-0.42 (-1.93%)

Over a quarter ago
Options
Ten new option listings and one option delisting on February 16th » 08:30
02/16/22
02/16
08:30
02/16/22
08:30
LGV

Longview Acquisition II

$9.72 /

+ (+0.00%)

, RELX

Relx

$30.86 /

+0.525 (+1.73%)

, PXQ

PwerShares Dynamic Networking

$89.79 /

+0.54 (+0.61%)

, RGCO

RGC Resources

$22.21 /

+0.805 (+3.76%)

, FMBI

First Midwest

$21.50 /

+0.55 (+2.63%)

New option listings for…

New option listings for February 16th include Advisorshares Restaurant Etf (EATZ), Longview Acquisition Corp II (Class A Stock) (LGV), Janus Henderson Aaa Clo ETF (JAAA), RELX (RELX), Power Shares Dynamic Networking Portfolio (PXQ), RGC Resources (RGCO), Kraneshares Msci Emerging Markets ex China Index ETF (KEMX), SPDR S&P Kensho Future Security ETF (FITE), iShares Evolved US Financials ETF (IEFN), and Pacer Benchmark Industrial Real Estate SCTR ETF (INDS). Option delistings effective February 16th include First Midwest (FMBI).

ShowHide Related Items >><<
RGCO RGC Resources
$22.21 /

+0.805 (+3.76%)

LGV Longview Acquisition II
$9.72 /

+ (+0.00%)

FMBI First Midwest
$21.50 /

+0.55 (+2.63%)

LGV Longview Acquisition II
$9.72 /

+ (+0.00%)

RELX Relx
$30.86 /

+0.525 (+1.73%)

02/07/22 Credit Suisse
Relx price target raised to 2,600 GBp from 2,500 GBp at Credit Suisse
01/20/22 Goldman Sachs
Relx resumed with a Buy at Goldman Sachs
01/14/22 UBS
Relx upgraded to Buy from Neutral at UBS
01/07/22 Morgan Stanley
Relx price target raised to 2,750 GBp from 2,280 GBp at Morgan Stanley
PXQ PwerShares Dynamic Networking
$89.79 /

+0.54 (+0.61%)

RGCO RGC Resources
$22.21 /

+0.805 (+3.76%)

FMBI First Midwest
$21.50 /

+0.55 (+2.63%)

12/19/21 Keefe Bruyette
First Midwest upgraded to Outperform from Market Perform at Keefe Bruyette
12/19/21 Keefe Bruyette
Old National upgraded to Outperform from Market Perform at Keefe Bruyette
08/17/21 Piper Sandler
First Midwest upgraded to Overweight from Neutral at Piper Sandler
08/17/21 Piper Sandler
Old National Bancorp upgraded to Overweight from Neutral at Piper Sandler
FMBI First Midwest
$21.50 /

+0.55 (+2.63%)

Hot Stocks
RGC Resources appoints Jason Field CFO and Treasurer » 16:04
01/12/22
01/12
16:04
01/12/22
16:04
RGCO

RGC Resources

$22.83 /

+0.08 (+0.35%)

RGC Resources announced…

RGC Resources announced Jason Field joined the company January 10, and will be appointed Vice President, Chief Financial Officer and Treasurer. As a member of the Company's executive team, Mr. Field will lead Resources' Finance organization and will report to Paul Nester.

ShowHide Related Items >><<
RGCO RGC Resources
$22.83 /

+0.08 (+0.35%)

Conference/Events
Janney Montgomery Scott to hold a virtual conference » 04:55
01/12/22
01/12
04:55
01/12/22
04:55
AGR

Avangrid

$48.17 /

-0.185 (-0.38%)

, CPK

Chesapeake Utilities

$135.17 /

-2.705 (-1.96%)

, WTRG

Essential Utilities

$51.42 /

-0.29 (-0.56%)

, ES

Eversource

$86.61 /

-2.385 (-2.68%)

, NJR

New Jersey Resources

$38.66 /

-0.95 (-2.40%)

, RGCO

RGC Resources

$22.51 /

-0.1 (-0.44%)

, SJI

South Jersey Industries

$25.64 /

-0.275 (-1.06%)

, UGI

UGI Corporation

$45.22 /

+0.065 (+0.14%)

, UTL

Unitil

$45.49 /

-1.33 (-2.84%)

Gas & Electric…

Gas & Electric Utilities Virtual Conference to be held on January 12. Webcast Link

ShowHide Related Items >><<
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

RGCO RGC Resources
$22.51 /

-0.1 (-0.44%)

NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

01/10/22 Mizuho
Avangrid downgraded to Underperform on earnings outlook at Mizuho
01/10/22 Mizuho
Avangrid downgraded to Underperform from Neutral at Mizuho
12/21/21 Mizuho
PNM Resources price target lowered to $45 from $51.50 at Mizuho
12/10/21 Mizuho
Avangrid price target lowered to $48 from $53 at Mizuho
CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

12/23/21 Maxim
Chesapeake Utilities price target raised to $165 from $155 at Maxim
08/06/21 Maxim
Chesapeake Utilities price target raised to $155 from $135 at Maxim
05/06/21 Maxim
Chesapeake Utilities price target raised to $135 from $121 at Maxim
05/05/21 Wells Fargo
Chesapeake Utilities price target raised to $117 from $100 at Wells Fargo
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

12/08/21 Barclays
Essential Utilities upgraded to Overweight from Equal Weight at Barclays
07/15/21 Barclays
Essential Utilities price target lowered to $50 from $51 at Barclays
07/13/21 Goldman Sachs
Essential Utilities downgraded to Buy from Conviction Buy at Goldman Sachs
05/25/21 Barclays
Essential Utilities price target raised to $51 from $47 at Barclays
ES Eversource
$86.61 /

-2.385 (-2.68%)

01/10/22 BMO Capital
Eversource downgraded to Market Perform from Outperform at BMO Capital
10/28/21
Fly Intel: Top five analyst upgrades
10/28/21 Mizuho
Eversource upgraded to Neutral from Underperform at Mizuho
10/19/21 Morgan Stanley
Eversource up to Equal Weight at Morgan Stanley amid utility valuation refresh
NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

01/05/22 Mizuho
New Jersey Resources downgraded to Neutral from Buy at Mizuho
06/25/21
Fly Intel: Top five analyst downgrades
06/25/21 BofA
New Jersey Resources downgraded to Underperform from Neutral at BofA
05/27/21 Mizuho
New Jersey Resources price target raised to $45 from $44 at Mizuho
RGCO RGC Resources
$22.51 /

-0.1 (-0.44%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

11/29/21 Wells Fargo
South Jersey Industries downgraded to Equal Weight at Wells Fargo
10/04/21
Fly Intel: Top five analyst upgrades
10/04/21 Wells Fargo
South Jersey Industries upgraded to Overweight from Equal Weight at Wells Fargo
10/04/21 Wells Fargo
South Jersey Industries upgraded to Overweight from Equal Weight at Wells Fargo
UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

10/20/21
Fly Intel: Top five analyst initiations
10/20/21 Wells Fargo
UGI initiated with Equal Weight, $46 target at Wells Fargo
10/20/21 Wells Fargo
UGI Corporation initiated with an Equal Weight at Wells Fargo
06/23/21
Fly Intel: Top five analyst upgrades
UTL Unitil
$45.49 /

-1.33 (-2.84%)

05/06/21 BofA
Unitil downgraded to Underperform from Neutral at BofA
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

UTL Unitil
$45.49 /

-1.33 (-2.84%)

UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

ES Eversource
$86.61 /

-2.385 (-2.68%)

CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

  • 04
    Aug
  • 18
    Mar
AGR Avangrid
$48.17 /

-0.185 (-0.38%)

WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

Conference/Events
Janney Montgomery Scott to hold a virtual conference » 16:52
01/11/22
01/11
16:52
01/11/22
16:52
AGR

Avangrid

$48.17 /

-0.185 (-0.38%)

, CPK

Chesapeake Utilities

$135.17 /

-2.705 (-1.96%)

, WTRG

Essential Utilities

$51.42 /

-0.29 (-0.56%)

, ES

Eversource

$86.61 /

-2.385 (-2.68%)

, NJR

New Jersey Resources

$38.66 /

-0.95 (-2.40%)

, RGCO

RGC Resources

$22.51 /

-0.1 (-0.44%)

, SJI

South Jersey Industries

$25.64 /

-0.275 (-1.06%)

, UGI

UGI Corporation

$45.22 /

+0.065 (+0.14%)

, UTL

Unitil

$45.49 /

-1.33 (-2.84%)

Gas & Electric…

Gas & Electric Utilities Virtual Conference to be held on January 12. Webcast Link

ShowHide Related Items >><<
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

RGCO RGC Resources
$22.51 /

-0.1 (-0.44%)

NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

01/10/22 Mizuho
Avangrid downgraded to Underperform on earnings outlook at Mizuho
01/10/22 Mizuho
Avangrid downgraded to Underperform from Neutral at Mizuho
12/21/21 Mizuho
PNM Resources price target lowered to $45 from $51.50 at Mizuho
12/10/21 Mizuho
Avangrid price target lowered to $48 from $53 at Mizuho
CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

12/23/21 Maxim
Chesapeake Utilities price target raised to $165 from $155 at Maxim
08/06/21 Maxim
Chesapeake Utilities price target raised to $155 from $135 at Maxim
05/06/21 Maxim
Chesapeake Utilities price target raised to $135 from $121 at Maxim
05/05/21 Wells Fargo
Chesapeake Utilities price target raised to $117 from $100 at Wells Fargo
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

12/08/21 Barclays
Essential Utilities upgraded to Overweight from Equal Weight at Barclays
07/15/21 Barclays
Essential Utilities price target lowered to $50 from $51 at Barclays
07/13/21 Goldman Sachs
Essential Utilities downgraded to Buy from Conviction Buy at Goldman Sachs
05/25/21 Barclays
Essential Utilities price target raised to $51 from $47 at Barclays
ES Eversource
$86.61 /

-2.385 (-2.68%)

01/10/22 BMO Capital
Eversource downgraded to Market Perform from Outperform at BMO Capital
10/28/21
Fly Intel: Top five analyst upgrades
10/28/21 Mizuho
Eversource upgraded to Neutral from Underperform at Mizuho
10/19/21 Morgan Stanley
Eversource up to Equal Weight at Morgan Stanley amid utility valuation refresh
NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

01/05/22 Mizuho
New Jersey Resources downgraded to Neutral from Buy at Mizuho
06/25/21
Fly Intel: Top five analyst downgrades
06/25/21 BofA
New Jersey Resources downgraded to Underperform from Neutral at BofA
05/27/21 Mizuho
New Jersey Resources price target raised to $45 from $44 at Mizuho
RGCO RGC Resources
$22.51 /

-0.1 (-0.44%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

11/29/21 Wells Fargo
South Jersey Industries downgraded to Equal Weight at Wells Fargo
10/04/21
Fly Intel: Top five analyst upgrades
10/04/21 Wells Fargo
South Jersey Industries upgraded to Overweight from Equal Weight at Wells Fargo
10/04/21 Wells Fargo
South Jersey Industries upgraded to Overweight from Equal Weight at Wells Fargo
UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

10/20/21
Fly Intel: Top five analyst initiations
10/20/21 Wells Fargo
UGI initiated with Equal Weight, $46 target at Wells Fargo
10/20/21 Wells Fargo
UGI Corporation initiated with an Equal Weight at Wells Fargo
06/23/21
Fly Intel: Top five analyst upgrades
UTL Unitil
$45.49 /

-1.33 (-2.84%)

05/06/21 BofA
Unitil downgraded to Underperform from Neutral at BofA
WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

UTL Unitil
$45.49 /

-1.33 (-2.84%)

UGI UGI Corporation
$45.22 /

+0.065 (+0.14%)

SJI South Jersey Industries
$25.64 /

-0.275 (-1.06%)

NJR New Jersey Resources
$38.66 /

-0.95 (-2.40%)

ES Eversource
$86.61 /

-2.385 (-2.68%)

CPK Chesapeake Utilities
$135.17 /

-2.705 (-1.96%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

  • 04
    Aug
  • 18
    Mar
AGR Avangrid
$48.17 /

-0.185 (-0.38%)

WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

AGR Avangrid
$48.17 /

-0.185 (-0.38%)

WTRG Essential Utilities
$51.42 /

-0.29 (-0.56%)

Hot Stocks
W.Va regulators issue water quality certification for Mountain Valley Pipeline » 15:47
12/30/21
12/30
15:47
12/30/21
15:47
ETRN

Equitrans Midstream

$10.16 /

+0.025 (+0.25%)

, NEE

NextEra Energy

$92.80 /

+0.81 (+0.88%)

, RGCO

RGC Resources

$22.30 /

+0.1 (+0.45%)

, ED

Consolidated Edison

$85.18 /

+0.075 (+0.09%)

, ATGFF

AltaGas

$21.30 /

+1.15 (+5.71%)

The Mountain Valley…

The Mountain Valley Pipeline, which owned by units of Equitrans (ETRN), NextEra Energy (NEE), Consolidated Edison (ED), AltaGas (ATGFF) and RGC Resources (RGCO), had its water quality certification application approved by the West Virginia Department of Environmental Protection and West Virginia Division of Natural Resources, according to letter posted to the site of the WVDEP. Reference Link

ShowHide Related Items >><<
RGCO RGC Resources
$22.30 /

+0.1 (+0.45%)

NEE NextEra Energy
$92.80 /

+0.81 (+0.88%)

ETRN Equitrans Midstream
$10.16 /

+0.025 (+0.25%)

ED Consolidated Edison
$85.18 /

+0.075 (+0.09%)

ETRN Equitrans Midstream
$10.16 /

+0.025 (+0.25%)

12/16/21 Wells Fargo
Equitrans Midstream upgraded to Overweight from Underweight at Wells Fargo
09/28/21 BofA
BofA reinstates coverage of U.S. Midstream sector with six buys, four sells
09/28/21 BofA
Equitrans Midstream reinstated with a Neutral at BofA
06/02/21 Barclays
Equitrans Midstream could rally on Russell rebalancing, says Barclays
NEE NextEra Energy
$92.80 /

+0.81 (+0.88%)

12/08/21 BMO Capital
NextEra Energy price target raised to $98 from $89 at BMO Capital
11/11/21 Morgan Stanley
Commerce rejection negative for First Solar, Maxeon, says Morgan Stanley
07/13/21 Credit Suisse
NextEra Energy assumed with an Outperform at Credit Suisse
05/25/21 Barclays
NextEra Energy price target lowered to $78 from $82 at Barclays
RGCO RGC Resources
$22.30 /

+0.1 (+0.45%)

ED Consolidated Edison
$85.18 /

+0.075 (+0.09%)

12/22/21 RBC Capital
Consolidated Edison price target raised to $85 from $78 at RBC Capital
12/08/21 Citi
Consolidated Edison price target raised to $84 from $77 at Citi
10/18/21
Fly Intel: Top five analyst downgrades
10/18/21 BofA
Consolidated Edison downgraded to Underperform from Neutral at BofA
ATGFF AltaGas
$21.30 /

+1.15 (+5.71%)

12/16/21 BMO Capital
AltaGas price target raised to C$34 from C$30.50 at BMO Capital
12/16/21 CIBC
AltaGas price target raised to C$30 from C$29 at CIBC
12/16/21 Scotiabank
AltaGas price target raised to C$30 from C$29 at Scotiabank
11/23/21 JPMorgan
AltaGas upgraded to Overweight from Neutral at JPMorgan
NEE NextEra Energy
$92.80 /

+0.81 (+0.88%)

ETRN Equitrans Midstream
$10.16 /

+0.025 (+0.25%)

ED Consolidated Edison
$85.18 /

+0.075 (+0.09%)

  • 16
    Jun
NEE NextEra Energy
$92.80 /

+0.81 (+0.88%)

Hot Stocks
RGC Resources raises quarterly dividend to 19.5c from 18.5c per share » 17:00
11/29/21
11/29
17:00
11/29/21
17:00
RGCO

RGC Resources

$21.71 /

+0.31 (+1.45%)

The dividend will be paid…

The dividend will be paid on February 1, 2022 to shareholders of record on January 18, 2022.

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