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AGL Resources (NYSE:GAS) announced a quarterly dividend on Wednesday, February 5th, StockRatingsNetwork reports. Investors of record on Friday, February 14th will be paid a dividend of 0.49 per share on Saturday, March 1st. This represents a $1.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Wednesday, February 12th. This is an increase 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 Corp. downgraded shares of AGL Resources from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, January 3rd. On the ratings front, 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 investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.80.

Shares of AGL Resources (NYSE:GAS) traded down 1.30% during mid-day trading on Wednesday, hitting $46.40. 1,219,957 shares of the company’s stock traded hands. AGL Resources has a 1-year low of $38.86 and a 1-year high of $49.31. The stock has a 50-day moving average of $46.84 and a 200-day moving average of $46.13. The company has a market cap of $5.512 billion and a P/E ratio of 16.86.

AGL Resources (NYSE:GAS) last announced its earnings results on Wednesday, February 5th. The company reported $0.81 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.91 earnings per share. AGL Resources’s revenue was up 9.1% compared to the same quarter last 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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