Insider Selling: John W. Somerhalder II Unloads 3,500 Shares of AGL Resources Stock (GAS)
AGL Resources (NYSE:GAS) CEO John W. Somerhalder II unloaded 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $50.41, for a total value of $176,435.00. Following the completion of the transaction, the chief executive officer now directly owns 137,936 shares of the company’s stock, valued at approximately $6,953,354. The transaction was disclosed in a 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 BMO Capital Markets upgraded shares of AGL Resources from an “underperform” rating to a “market perform” rating in a research note on Monday, March 10th. They now have a $48.00 price target on the stock, up previously from $46.00. Analysts at Zacks reiterated a “neutral” rating on shares of AGL Resources in a research note on Thursday, February 13th. They now have a $48.00 price target on the stock. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.33.
Shares of AGL Resources (NYSE:GAS) traded up 2.00% during mid-day trading on Tuesday, hitting $51.59. The stock had a trading volume of 882,343 shares. AGL Resources has a 1-year low of $41.47 and a 1-year high of $50.70. The stock’s 50-day moving average is $48.34 and its 200-day moving average is $47.0. The company has a market cap of $6.134 billion and a price-to-earnings ratio of 19.16.
AGL Resources (NYSE:GAS) last announced its 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 $3.71 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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