Key Developments: AGL Resources Inc (GAS)
44.18USD
17 May 2013
$0.69 (+1.59%)
$43.49
$43.48
$44.19
$43.48
603,894
534,619
$44.32
$36.59
Latest Key Developments (Source: Significant Developments)
AGL Resources Inc Declares Quarterly Dividend
AGL Resources Inc announced that it has declared a quarterly dividend of $0.47 per share on the Company's common stock. The dividend will be paid on June 1, 2013 to shareholders of record at the close of business on May 17, 2013. Full Article
AGL Resources Inc Reaffirms FY 2013 EPS Guidance-Conference Call
AGL Resources Inc announced that for fiscal 2013, it remains on track to achieve the guidance ranges of $2.50 to $2.70 on a consolidated basis and $2.40 to $2.50 excluding Wholesale Services. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.67 for fiscal 2013. Full Article
AGL Resources Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates-Conference Call
AGL Resources Inc announced that for fiscal 2013, it expects diluted earnings per share to be in the range of $2.50 - $2.70; Excluding wholesale services segment, fiscal 2013 diluted EPS expected to be $2.40-$2.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.94 for fiscal 2013. Full Article
AGL Resources Inc Increases Dividend
AGL Resources Inc announced that it has approved an increase of $0.04 per share, or 2% in the annual dividend rate on the Company's common stock, to an indicated annual dividend of $1.88 per share. The new quarterly dividend rate of $0.47 per share is effective for the dividend payable March 1, 2013, to shareholders of record at the close of business on February 15, 2013. Full Article
AGL Resources Inc Lowers FY 2012 EPS Guidance-Conference Call
AGL Resources Inc announced that for fiscal 2012, it expects diluted earnings per share adjusted for merger-related expenses of approximately $2.45. The Company's previously disclosed guidance range was $2.60 - $2.75 per diluted share for fiscal 2012, which assumed normal weather and volatility and no impact from hedge movements. The reduction in earnings relative to prior guidance is due to: Price movements related to the Company's natural gas transportation positions in its wholesale services segment resulted in approximately $22 million of mark-to-market accounting hedge losses during the fourth quarter of 2012. Warmer than normal weather negatively impacted the distribution operations and the retail operations segments by a combined $10 million during the fourth quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.66 for fiscal 2012. Full Article
AGL Resources Inc Declares Quarterly Dividend
AGL Resources Inc announced that the Board of Directors declared a quarterly dividend of $0.46 per share on the Company's common stock. The dividend will be paid on December 1, 2012 to shareholders of record at the close of business on November 16, 2012. Full Article
AGL Resources Inc. Lowers FY 2012 EPS Guidance-Conference Call
AGL Resources Inc. announced that for fiscal 2012, it expects earnings per share (EPS) guidance to fall below its guidance range, which is $2.80 to $2.95 per share, as a result of weather in tax year to date. Full Article
AGL Resources Inc Declares Quarterly Dividend
AGL Resources Inc announced that the Board of Directors declared a quarterly dividend of $0.46 per share on the Company's common stock. The dividend will be paid on September 1, 2012 to shareholders of record at the close of business on August 17, 2012. Full Article
AGL Resources Inc. Issues FY 2012 EPS Guidance Below Analysts' Estimates-Conference Call
AGL Resources Inc. announced that for fiscal 2012, it expects diluted earnings per share (EPS) in the range of $2.80-$2.95. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.02 for fiscal 2012. Full Article
AGL Resources Inc. Completes Nicor Inc. Merger
AGL Resources Inc. announced it has completed its merger with Nicor Inc.. AGL Resources also announced that Standard & Poor's will add AGL Resources' common stock to the S&P 500 Index after the close of trading on December 12, replacing Nicor Inc. And effective December 16, the combined company will assume Nicor's ticker symbol GAS in trading on the New York Stock Exchange. Stockholders of the former Nicor received $21.20 in cash and 0.8382 shares of AGL Resources common stock, for a total of $54.43 based on the closing price for AGL Resources common stock, on December 8, 2011. Stockholders of the former Nicor received $21.20 in cash and 0.8382 shares of AGL Resources common stock, for a total of $54.43 based on the closing price for AGL Resources common stock, on December 8, 2011. Goldman, Sachs & Co acted as the exclusive financial advisor and Dewey & LeBoeuf LLP acted as legal counsel to AGL Resources. J.P. Morgan acted as the exclusive financial advisor and Latham & Watkins LLP acted as the legal counsel for Nicor, with Sidley Austin LLP serving as legal counsel for Nicor's Board of Directors. Full Article
TEXT - Fitch cuts AGL Resources Inc
Dec 3 - Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) of AGL Resources, Inc. (AGL), AGL Capital Corp. (AGL Capital) and Atlanta Gas Light Company (AGLC) to 'BBB+' from 'A-'. Simultaneously, Fitch affirmed the long-term IDR of Northern Illinois Gas Company (Nicor Gas) at 'A'. The Rating Outlook for all entities is Stable. Approximately $3.6 billion long-term debt is affected by these actions. A full list of rating actions follows this release. KEY RATING DRIVER
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