Insider Selling: Henry Linginfelter Unloads 8,000 Shares of AGL Resources Stock (GAS)
AGL Resources (NYSE:GAS) EVP Henry Linginfelter unloaded 8,000 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $43.95, for a total transaction of $351,600.00. Following the completion of the sale, the executive vice president now directly owns 44,719 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on GAS. Analysts at Barclays Capital raised their price target on shares of AGL Resources (NYSE:GAS) from $37.00 to $46.00 in a research note to investors on Tuesday, August 6th. They now have an “equal weight” rating on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of AGL Resources (NYSE:GAS) in a research note to investors on Wednesday, July 3rd. They now have a $39.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. AGL Resources has an average rating of “Hold” and an average target price of $43.00.
AGL Resources (NYSE:GAS) traded up 0.58% on Tuesday, hitting $44.73. 412,604 shares of the company’s stock traded hands. AGL Resources has a one year low of $36.90 and a one year high of $47.00. The stock has a 50-day moving average of $44.91 and a 200-day moving average of $43.41. The company has a market cap of $5.305 billion and a price-to-earnings ratio of 16.90.
AGL Resources (NYSE:GAS) last announced its earnings results on Wednesday, July 31st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.15. The company had revenue of $904.00 million for the quarter. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. Analysts expect that AGL Resources will post $2.69 EPS for the current fiscal year.
AGL Resources Inc (NYSE:GAS) is an energy services holding company whose principal business is the distribution of natural gas.
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