Insider Selling: AGL Resources EVP Paul R. Shlanta Sells 7,042 Shares of Stock (GAS)
AGL Resources (NYSE:GAS) EVP Paul R. Shlanta sold 7,042 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $54.00, for a total transaction of $380,268.00. Following the completion of the transaction, the executive vice president now directly owns 32,956 shares of the company’s stock, valued at approximately $1,779,624. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GAS. Analysts at Zacks upgraded shares of AGL Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $65.00 price target on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of AGL Resources in a research note on Thursday, April 17th. They now have a $53.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.00.
AGL Resources (NYSE:GAS) traded down 0.26% during mid-day trading on Monday, hitting $54.30. 333,996 shares of the company’s stock traded hands. AGL Resources has a 1-year low of $41.51 and a 1-year high of $54.82. The stock’s 50-day moving average is $53.09 and its 200-day moving average is $49.16. The company has a market cap of $6.476 billion and a P/E ratio of 14.41.
AGL Resources (NYSE:GAS) last released its earnings data on Tuesday, April 29th. The company reported $1.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.26 by $0.89. The company had revenue of $2.56 million for the quarter, compared to the consensus estimate of $1.71 million. During the same quarter last year, the company posted $1.31 earnings per share. AGL Resources’s revenue was up 50.0% compared to the same quarter last year. Analysts expect that AGL Resources will post $4.06 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.