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AGL Resources (NYSE:GAS) CEO John W. Somerhalder II sold 3,500 shares of AGL Resources stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $46.68, for a total transaction of $163,380.00. Following the completion of the transaction, the chief executive officer now directly owns 97,042 shares in the company, valued at approximately $4,529,921. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on GAS shares. Analysts at Bank of America Corp. downgraded shares of AGL Resources from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AGL Resources in a research note to investors on Wednesday, December 4th. They now have a $48.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of AGL Resources from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 2nd. They now have a $43.00 price target on the stock, down previously from $44.00. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.80.

Shares of AGL Resources (NYSE:GAS) traded up 0.06% during mid-day trading on Friday, hitting $46.87. The stock had a trading volume of 362,526 shares. AGL Resources has a 1-year low of $38.86 and a 1-year high of $49.31. The stock’s 50-day moving average is $46.26 and its 200-day moving average is $45.85. The company has a market cap of $5.568 billion and a price-to-earnings ratio of 16.80.

AGL Resources (NYSE:GAS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.10. The company had revenue of $675.00 million for the quarter, compared to the consensus estimate of $614.00 million. During the same quarter last year, the company posted $0.09 earnings per share. AGL Resources’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that AGL Resources will post $2.79 earnings per share 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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