| AGL Resources Upgraded to Hold on Favorable Projections (Revised) - Analyst Blog | |
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On Apr 14, 2015, Zacks Investment Research upgraded the energy services holding company AGL Resources Inc. GAS to a Zacks Rank #3 (Hold).
Why the Upgrade?
AGL Resources has a relatively low risk earnings growth profile. Last month, the company made a favorable announcement wherein it revised its 2015 earnings estimates higher. The company expects 2015 earnings per share (EPS) to range between $2.85 and $3.10, up from the prior guidance range of $2.70–$2.90. The company added that earnings from the wholesale services segment are anticipated to be in the $80 million–$110 million range, significantly higher than the previous guidance of $50 million.
AGL Resources stated that colder-than-normal weather in the first two months of the year has resulted in improved performance by its distribution and retail businesses. Also, better-than-expected performance by its wholesale business supports the new guidance.
Additionally, in February, the company had increased its quarterly dividend by 4.1% to 51 cents per share. The consistent payment and growth in payouts indicate the company’s financial strength.
Moreover, positioned in a niche industry with high barriers to entry, this energy services holding company enjoys near-monopoly status in its area of operation.
Adding to the bullishness is the fact that several brokerage firms have revised earnings estimates higher for both the current quarter and the current year. First-quarter 2015 earnings estimate of $1.49 per share is also ahead of the year-ago quarter reported earnings of $1.37.
Other Stock Picks
Better-ranked players from the utility-gas distribution industry include Atmos Energy Corporation ATO, Chesapeake Utilities Corporation CPK and Vectren Corporation VVC. All these stocks hold a Zacks Rank #2 (Buy).
(We are reissuing this article to correct a mistake. The original article, issued on Apr 15, 2015, should no longer be relied upon.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AGL RESOURCES (GAS): Free Stock Analysis Report CHESAPEAKE UTIL (CPK): Free Stock Analysis Report ATMOS ENERGY CP (ATO): Free Stock Analysis Report VECTREN CORP (VVC): Free Stock Analysis Report To read this article on Zacks.com click here.
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Vectren Corp.
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CODE : VVC |
ISIN : US92240G1013 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Vectren est une société développant des projet miniers basée aux Etats-Unis D'Amerique. Vectren est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 6,6 millions US$ (5,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 01 décembre 1995 à 9,94 US$, et son plus bas niveau récent le 21 juin 2023 à 0,05 US$. Vectren possède 83 040 212 actions en circulation. |