Feb. 11
AGL Resources (NYSE:GAS) CAO Bryan E. Seas unloaded 11,800 shares of the stock on the open market in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $45.92, for a total value of $541,856.00. Following the transaction, the chief accounting officer now directly owns 24,249 shares in the company, valued at approximately $1,113,514. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
AGL Resources (NYSE:GAS) traded up 0.20% during mid-day trading on Tuesday, hitting $45.93. The stock had a trading volume of 1,193,226 shares. AGL Resources has a 52 week low of $39.30 and a 52 week high of $49.31. The stock has a 50-day moving average of $46.83 and a 200-day moving average of $46.14. The company has a market cap of $5.456 billion and a price-to-earnings ratio of 17.36.
AGL Resources (NYSE:GAS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.92 by $0.11. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that AGL Resources will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, March 1st. Stockholders of record on Friday, February 14th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, February 12th. This is a boost from AGL Resources’s previous quarterly dividend of $0.47.
A number of research firms have recently commented on GAS. Analysts at Bank of America downgraded shares of AGL Resources from a “neutral” rating to an “underperform” rating in a research note on Friday, January 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AGL Resources in a research note on Wednesday, December 4th. They now have a $48.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of AGL Resources from a “neutral” rating to a “sell” rating in a research note on Monday, December 2nd. They now have a $43.00 price target on the stock, down previously from $44.00. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. AGL Resources has an average rating of “Hold” and a consensus price target of $44.80.
AGL Resources Inc (NYSE:GAS) is an energy services holding company whose principal business is the distribution of natural gas.
Source: http://tickerreport.com/banking-finance/131155/agl-resources-cao-bryan-e-seas-sells-11800-shares-gas/?
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