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Last €46.19 EUR
Change Today +0.05 / 0.11%
Volume 0.0
LGR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:00 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

laclede group inc/the (LGR) Snapshot

Open
€46.19
Previous Close
€46.14
Day High
€46.19
Day Low
€46.19
52 Week High
08/18/15 - €50.55
52 Week Low
09/26/14 - €36.06
Market Cap
2.0B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
43.3M
EX-Date
09/9/15
P/E TM
--
Dividend
€1.84
Dividend Yield
3.34%
Current Stock Chart for LACLEDE GROUP INC/THE (LGR)

laclede group inc/the (LGR) Related Businessweek News

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laclede group inc/the (LGR) 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 (LGR) 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 (LGR) Key Developments

The Laclede Group, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2015 and Fiscal 2016

The Laclede Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported total operating revenues of $275.2 million compared to $241.8 million a year ago. Operating income was $36.0 million compared to $24.7 million a year ago. Income before income taxes was $18.7 million compared to $10.9 million a year ago. Net income was $14.1 million or $0.32 per diluted share compared to $11.7 million or $0.33 per diluted share a year ago. Third quarter NEE per share decreased to $0.25 from $0.44 last year, reflecting the change in Laclede's earnings pattern due to the acquisition of Alagasco and a change in Missouri Gas Energy's rate design. Net Economic Earnings (non-GAAP) was $11.1 million compared to $14.5 million for the same period a year ago. The decrease in NEE is due primarily to the change in the quarterly distribution of earnings as a result of the addition of Alagasco and a change in Missouri Gas Energy's (MGE) rate design, partially offset by lower operating expenses. For the nine months, the company reported total operating revenues of $1,772.2 million compared to $1,404.9 million a year ago. Operating income was $281.0 million compared to $174.8 million a year ago. Income before income taxes was $227.5 million compared to $142.6 million a year ago. Net income was $155.6 million or $3.59 per basic and diluted share compared to $99.5 million or $2.97 per basic and diluted share a year ago. Net cash provided by operating activities was $366.3 million compared to $185 million a year ago. Capital expenditures were $202.9 million compared to $109.5 million a year ago. Net Economic Earnings (non-GAAP) was $154.4 million compared to $102.5 million for the same period a year ago. Net economic earnings (‘NEE’, non-GAAP) for the first nine months increased to $3.56 per fully diluted share from $3.12 per share in the prior year, driven by growth in Gas Utility earnings. 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 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. Effective tax rate to remain close to this run rate. For 2015, the operating loss for the fourth quarter is expected to be just above the top end of the 9% to 11% range of full year net economic earnings per share introduced late last year. This expectation reflects current run rate and timing of actual expenses as well as the benefit of a slight reduction in the Company's effective tax rate recognized in the third quarter.

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.

 

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LGR Competitors

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Company Last Change
Alliance Resource Partners LP $25.35 USD -0.23
Ferrellgas Partners LP $22.44 USD +0.03
New Jersey Resources Corp $27.75 USD -0.52
Southwest Gas Corp $54.42 USD -0.67
Suburban Propane Partners LP $36.03 USD -1.37
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Industry Analysis

LGR

Industry Average

Valuation LGR Industry Range
Price/Earnings 16.3x
Price/Sales 1.1x
Price/Book 1.4x
Price/Cash Flow 8.8x
TEV/Sales 0.1x
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