AGL Resources (GAS) Surges To New High Like Extra Space Storage (EXR), PG&E (PCG), Piedmont Natural Gas (PNY)

AGL Resources Inc. (GAS) Tuesday announced a sharp proliferate in earnings for the first quarter, reflecting a significant prosper in revenues. The company also escalated its earnings outlook for 2014 due to the better-than-probable quarterly earnings and idea to sell its Tropical Shipping business. For the first quarter, net earnings advanced to $290 million or $2.44 per share, from $154 million or $1.31 per share in the same period last year. Excluding Tropical Shipping sale impact and wholesale services, the company declared earnings per share of $1.37. For the three months to March, EBIT burgeoned to $608 million from $304 million a year ago. Revenues for the 3-month period amplified to $2.563 billion from $1.709 billion a year earlier. For 2014, the company told it is raising its earnings guidance, excluding wholesale services segment, to $2.80 to $2.90 from the previously projected $2.70 to $2.80. The price of AGL Resources Inc. (NYSE:GAS), Gas Utilities company, stock gained 1.06% to $54.53. The stock is dealing at 0.96% below its 52-week high and 36.91% above its 52-week low. GAS has 18.85x price to cash flow ratio with 8.20% profit margin. Its beta value stands at 0.47 times. The firm has the market capitalization of $6503.25 million. GAS showed 14.18% quarterly performance.

Extra Space Storage Inc. (EXR) declared that its first-quarter net income to stockholders boosted to $37.34 million or $0.32 per share, from $31.42 million or 0.28 per share, previous year. Funds from operations was $0.55 per share, for the quarter. Excluding costs associated with acquisitions and non-cash interest expense, FFO as adjusted was $0.57 per share, for the quarter. On average, 14 analysts polled by Thomson Reuters potential the company to declare profit per share of $0.55 for the quarter. Extra Space Storage Inc. (NYSE:EXR), REIT – Industrial, is currently trading at $54.28, which escalated 1.82%. The stock is trading 0.90% below its 52-week high and 40.71% above its 52-week low. Company has 115.94 million shares outstanding with $6293.22 million market capitalization. Extra Space Storage Inc. has $1.56 EPS currently and sees 34.20% growth this year and 10.57% next year. EXR’s yearly performance is 33.63%. Trade experts think of it as ‘Hold’ stock.

Public Utility firm PG&E Corp. (PCG), an energy-based holding company that owns Pacific Gas and Electric Co., posted a fall in first-quarter 2014 GAAP income available for common shareholders to $227 million or $0.49 per share, from $239 million, or $0.55 per share, last year. The company’s GAAP results include items that management does not think part of normal, ongoing operations, which totaled $40 million pre-tax, or $0.05 per share, for the quarter. The price of PG&E Corp. (NYSE:PCG), Electric Utilities company, stock fostered 1.11% to $48.23. The stock is dealing at 0.90% below its 52-week high and 23.63% above its 52-week low. PCG’s return on investment is 5.10%. Company’s 80.50% shares are under accumulation by financial institutions compare to 0.20% by insiders. PCG’s yearly performance is 12.71%. We recommend to ‘Hold’ the stock.

Piedmont Natural Gas Co. Inc. (PNY) Friday declared higher second-quarter profit, on 16 percent growth in revenues and improved margins. Earnings per share as well as revenues topped analysts’ expectations. The natural gas distributor also backed its earnings outlook range for fiscal 2014, with emphasis at the upper end of the range. For the second quarter ended April 30, the company posted net income of $62.54 million or $0.80 per share, up from $55.79 million or $0.74 per share in the previous year. Piedmont Natural Gas Co. Inc. (NYSE:PNY), Gas Utilities, is currently trading at $37.21, which escalated 0.49%. The stock is trading 0.43% below its 52-week high and 21.24% above its 52-week low. Market capitalization of Piedmont Natural Gas Co. Inc. is worth nearly $2907.96 million. The stock is currently trading at a P/E multiple of 18.98x with 5.18x PEG Ratio. PNY showed 2.76% weekly performance. Trade experts think of it as ‘Moderate Sell’ stock.

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Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].

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