AGL Resources Receives “BBB+” Credit Rating from Morningstar (GAS)
AGL Resources (NYSE:GAS) has been given a “BBB+” credit rating by analysts at Morningstar. The credit rating agency’s “BBB+” rating indicates that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a two star rating.
Separately, analysts at Barclays raised their price target on shares of AGL Resources from $52.00 to $53.00 in a research note on Thursday, July 31st. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.25.
Shares of AGL Resources (NYSE:GAS) traded up 1.14% on Monday, hitting $53.31. The stock had a trading volume of 526,138 shares. AGL Resources has a one year low of $42.86 and a one year high of $55.30. The stock’s 50-day moving average is $52. and its 200-day moving average is $51.41. The company has a market cap of $6.369 billion and a P/E ratio of 13.50.
AGL Resources (NYSE:GAS) last released its earnings data on Tuesday, July 29th. The company reported $0.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.02. The company had revenue of $902.00 million for the quarter, compared to the consensus estimate of $848.07 million. During the same quarter last year, the company posted $0.41 earnings per share. AGL Resources’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that AGL Resources will post $4.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Friday, August 15th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, August 13th.
AGL Resources Inc (NYSE:GAS) is an energy services holding company whose principal business is the distribution of natural gas.
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