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Last $51.09 USD
Change Today -0.51 / -0.99%
Volume 126.1K
LG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

laclede group inc/the (LG) Snapshot

Open
$51.26
Previous Close
$51.60
Day High
$51.77
Day Low
$50.82
52 Week High
02/4/15 - $55.75
52 Week Low
06/4/14 - $44.96
Market Cap
2.2B
Average Volume 10 Days
108.3K
EPS TTM
$2.98
Shares Outstanding
43.3M
EX-Date
03/9/15
P/E TM
17.1x
Dividend
$1.84
Dividend Yield
3.52%
Current Stock Chart for LACLEDE GROUP INC/THE (LG)

laclede group inc/the (LG) Related Businessweek News

No Related Businessweek News Found

laclede group inc/the (LG) Details

The Laclede Group, Inc., through its subsidiaries, engages in the retail distribution, sale, and marketing of natural gas in Missouri and Alabama. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and related activities on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers. In addition, it engages in the transportation of liquid propane; oil production; real estate development; compression of natural gas; and financial investments in other enterprises, as well as provides propane storage and related services to third parties. The company provides natural gas services to approximately 1.5 million residential, commercial, and industrial customers across Missouri and Alabama. The Laclede Group, Inc. was founded in 1857 and is headquartered in St. Louis, Missouri.

3,128 Employees
Last Reported Date: 11/25/14
Founded in 1857

laclede group inc/the (LG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $641.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $310.6K
Chief Operating Officer of Distribution Opera...
Total Annual Compensation: $315.7K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $310.8K
Senior Vice President of External Affairs, Co...
Total Annual Compensation: $356.3K
Compensation as of Fiscal Year 2014.

laclede group inc/the (LG) Key Developments

Laclede Group Seeks Acquisitions

The Laclede Group, Inc. (NYSE:LG) is seeking acquisitions. Suzanne Sitherwood, Chief Executive Officer, said, "Besides acquisitions, we also strongly believe in growing the gas companies and we do from an organic perspective." Steve Rasche, Chief Financial Officer, said, "We have a great track record of growing. We continue to grow, and we take on that responsibility that on a quarter by quarter basis it's about how we perform in meeting our targets not only to identify and acquire businesses, because acquisitions are part of our growth strategy, but really how we're going to grow those organically and create a lot of value out of those companies that we add to our portfolio."

The Laclede Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Provides Earnings Guidance for the Fiscal 2015 and 2016

The Laclede Group, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total operating revenues of $619.6 million against $468.6 million a year ago. Operating income was $87.3 million against $62.9 million a year ago. Income before income taxes was $69.5 million against $54.1 million a year ago. Net income was $47.1 million against $35.6 million a year ago. Diluted earnings per share of common stock were $1.09 against $1.09 a year ago. The net cash used in operating activities was $34.1 million compared to net cash used in operating activities of $15.7 million in the prior year. The increase in cash used is primarily due to a seasonal increase in customer billings and the timing of gas purchases and collections under the Purchased Gas Adjustment (PGA) clause in Missouri, offset in part by reductions in other working capital balances as well as higher net income, and depreciation and amortization. Capital expenditures were $60.0 million against $34.6 million a year ago. Net economic earnings increased to $45.7 million, up 26%, from $36.3 million driven by higher Gas Utility earnings stemming largely from the addition of Alabama Gas Corporation as well as improved performance by the legacy gas utilities in the segment, offset in part by a shift in the distribution of earnings between quarters due to increased concentration during the winter months in the quarter ended March 31. On a per share basis, NEE was $1.06 per share compared to $1.11 per share a year ago. The company reaffirms its long-term NEE per share growth target of 4% to 6% annually, with growth in fiscal 2015 and 2016 anticipated to be above that target range after excluding from 2014 a weather benefit of $0.17 per share. Capital expenditures for 2015 are still anticipated to be approximately $300 million on a consolidated basis, reflecting the addition of Alagasco and the continuing ramp up of pipeline replacement in Missouri.

The Laclede Group, Inc. Announces Executive Changes; Declares Quarterly Dividend, Payable on April 2, 2015

The Laclede Group, Inc. announced that Board Chairman William Nasser announced his retirement from the board and thanked his fellow directors and company leadership. At its meeting on January 29, 2015, the board of directors appointed Ed Glotzbach as the new chairman. The board declared a quarterly common stock dividend of 46 cents per share. The dividend is payable on April 2, 2015 to shareholders of record on March 11, 2015.

 

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LG Competitors

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Company Last Change
Alliance Resource Partners LP $32.75 USD -0.76
Ferrellgas Partners LP $23.31 USD -0.11
Piedmont Natural Gas Co Inc $36.24 USD -0.55
Southwest Gas Corp $56.40 USD -0.88
Suburban Propane Partners LP $42.95 USD -0.04
View Industry Companies
 

Industry Analysis

LG

Industry Average

Valuation LG Industry Range
Price/Earnings 20.6x
Price/Sales 1.2x
Price/Book 1.4x
Price/Cash Flow 11.6x
TEV/Sales NM Not Meaningful
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