Berkshire Asset Management Has Upped M&T Bank (MTB) Stake By $1.11 Million; Rgc Resources (RGCO) Shorts Raised By 108.7%

June 30, 2017 - By Maria Brooks

Rgc Resources Incorporated (NASDAQ:RGCO) had an increase of 108.7% in short interest. RGCO’s SI was 4,800 shares in June as released by FINRA. Its up 108.7% from 2,300 shares previously. With 11,300 avg volume, 0 days are for Rgc Resources Incorporated (NASDAQ:RGCO)’s short sellers to cover RGCO’s short positions. The SI to Rgc Resources Incorporated’s float is 0.08%. About 6,815 shares traded. RGC Resources Inc. (NASDAQ:RGCO) has risen 62.35% since June 30, 2016 and is uptrending. It has outperformed by 45.65% the S&P500.

Berkshire Asset Management Llc increased M&T Bank (MTB) stake by 5.95% reported in 2016Q4 SEC filing. Berkshire Asset Management Llc acquired 7,126 shares as M&T Bank (MTB)’s stock declined 6.32%. The Berkshire Asset Management Llc holds 126,914 shares with $19.85 million value, up from 119,788 last quarter. M&T Bank now has $24.66 billion valuation. The stock declined 0.27% or $0.44 reaching $160.77 on the news. About 273,398 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since June 30, 2016 and is uptrending. It has outperformed by 19.11% the S&P500.

RGC Resources, Inc. is an energy services company. The company has market cap of $206.53 million. The Firm is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial clients in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary. It has a 32.77 P/E ratio. Roanoke Gas also provides certain non-regulated services.

Investors sentiment decreased to 1 in Q4 2016. Its down 0.33, from 1.33 in 2016Q3. It dived, as 1 investors sold RGC Resources Inc. shares while 5 reduced holdings. 1 funds opened positions while 5 raised stakes. 656,229 shares or 2.28% less from 671,535 shares in 2016Q3 were reported. Bb&T Secs Lc invested in 0.01% or 30,200 shares. California Pub Employees Retirement Sys holds 8,600 shares. Teton Advisors holds 0.11% of its portfolio in RGC Resources Inc. (NASDAQ:RGCO) for 43,600 shares. Catawba Management Va has invested 0.05% of its portfolio in RGC Resources Inc. (NASDAQ:RGCO). Dalton Greiner Hartman Maher & has 89,842 shares. 22,220 are held by Morgan Stanley. 18,336 were accumulated by Vanguard Group Inc. Gabelli Funds Ltd Liability Co has invested 0.01% in RGC Resources Inc. (NASDAQ:RGCO). 5,151 are held by Wells Fargo Mn. Dimensional Fund Advisors Limited Partnership has invested 0% of its portfolio in RGC Resources Inc. (NASDAQ:RGCO). Tru Of Virginia Va reported 36,674 shares. Fca Tx stated it has 23,310 shares or 0.29% of all its holdings. National Bank Of America Corporation De holds 4,400 shares. Blackrock Limited Liability Company holds 0% or 1,849 shares. Bb&T invested in 800 shares or 0% of the stock.

Since January 3, 2017, it had 24 buys, and 1 insider sale for $95,492 activity. 16 shares were bought by Nester Paul W, worth $299. SMOOT RAYMOND D JR had bought 86 shares worth $2,321. On Wednesday, March 1 the insider AGEE NANCY H bought $896. Shares for $994 were bought by D ORAZIO JOHN S. Shockley C James Jr sold $121,977 worth of RGC Resources Inc. (NASDAQ:RGCO) on Tuesday, June 13.

Among 20 analysts covering M&T Bank (NYSE:MTB), 3 have Buy rating, 3 Sell and 14 Hold. Therefore 15% are positive. M&T Bank had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 9 by Deutsche Bank. Portales downgraded the shares of MTB in report on Thursday, April 21 to “Sector Perform” rating. The stock has “Mkt Perform” rating by FBR Capital on Thursday, July 21. The stock of M&T Bank Corporation (NYSE:MTB) has “Hold” rating given on Wednesday, April 19 by Wood. The stock has “Market Perform” rating by Keefe Bruyette & Woods on Wednesday, October 21. UBS downgraded M&T Bank Corporation (NYSE:MTB) on Wednesday, January 11 to “Sell” rating. The stock of M&T Bank Corporation (NYSE:MTB) earned “Underperform” rating by Bank of America on Thursday, December 15. On Wednesday, January 20 the stock rating was maintained by FBR Capital with “Mkt Perform”. The firm has “Overweight” rating given on Tuesday, October 20 by Barclays Capital. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3.