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Last $54.11 USD
Change Today +0.53 / 0.99%
Volume 231.5K
LG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

laclede group inc/the (LG) Snapshot

Open
$53.99
Previous Close
$53.58
Day High
$54.64
Day Low
$53.79
52 Week High
02/4/15 - $55.75
52 Week Low
08/6/14 - $45.36
Market Cap
2.3B
Average Volume 10 Days
220.9K
EPS TTM
$3.66
Shares Outstanding
43.3M
EX-Date
09/9/15
P/E TM
14.8x
Dividend
$1.84
Dividend Yield
3.36%
Current Stock Chart for LACLEDE GROUP INC/THE (LG)

laclede group inc/the (LG) Related Businessweek News

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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

The Laclede Group, Inc. Amends Company's Bylaws, Effective as of August 1, 2015

On July 30, 2015, the Board of Directors of The Laclede Group, Inc. adopted a resolution amending the Company's bylaws, effective as of August 1, 2015, in order to change the address for the Company's principal office and the required content for the Company's corporate seal.

The Laclede Group, Inc. Declares a Quarterly Common Stock Dividend, Payable October 2, 2015

The board of directors of The Laclede Group, Inc. declared a quarterly common stock dividend of $0.46 per share, payable October 2, 2015, to shareholders of record on September 11, 2015.

The Laclede Group, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended March 31, 2015; Reaffirms Earnings Guidance for the Year 2015 and 2016

The Laclede Group, Inc. announced unaudited consolidated financial results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported total operating revenues of $877.4 million against $694.5 million a year ago. Operating income was $157.7 million against $87.2 million a year ago. Income before income taxes was $139.3 million against $77.6 million a year ago. Net income was $94.4 million or $2.18 per basic and diluted share against $52.2 million or $1.59 per basic and diluted share a year ago. Net economic earnings (non-GAAP) were $97.6 million or $2.25 per diluted share against $51.7 million or $1.58 per diluted share a year ago. Net economic earnings (non-GAAP) increased due to the addition of Alabama Gas Corporation (Alagasco) and growth in gas utility segment. For the six months, the company reported total operating revenues of $1,497.0 million against $1,163.1 million a year ago. Operating income was $245.0 million against $150.1 million a year ago. Income before income taxes was $208.8 million against $131.7 million a year ago. Net income was $141.5 million or $3.26 per diluted share against $87.8 million or $2.68 per basic and diluted share a year ago. Net cash provided by operating activities was $279.9 million against $142.8 million a year ago. The main driver of the increase in operating cash was the inclusion of Alagasco, which provided $89.2 million. The remaining increase reflects normal seasonal changes in accounts receivable and natural gas inventory balances as well as the timing of gas cost collections under the Purchased Gas Adjustment (PGA) clause in Missouri. Capital expenditures were $129.5 million against $68.2 million a year ago. Net economic earnings (non-GAAP) were $143.3 million or $3.31 per diluted share against $88.0 million or $2.68 per diluted share a year ago. First half fiscal 2015 capital expenditures driven by pipeline replacement Laclede had a strong second quarter driven by gas utility operations as continued to execute on growth plans, including integrating Missouri Gas Energy and Alagasco and investing in distribution infrastructure. The increase in earnings was driven by significantly higher Gas Utility earnings due to the addition of Alagasco and growth in the Missouri utilities. The company reaffirmed 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.

 

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LG Competitors

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Industry Analysis

LG

Industry Average

Valuation LG Industry Range
Price/Earnings 16.2x
Price/Sales 1.2x
Price/Book 1.5x
Price/Cash Flow 9.6x
TEV/Sales 0.1x
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