Last $47.73 USD
Change Today -0.27 / -0.56%
Volume 184.8K
LG On Other Exchanges
Symbol
Exchange
New York
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As of 2:24 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

laclede group inc/the (LG) Snapshot

Open
$48.09
Previous Close
$48.00
Day High
$48.26
Day Low
$47.59
52 Week High
09/8/14 - $49.95
52 Week Low
02/10/14 - $43.95
Market Cap
2.1B
Average Volume 10 Days
293.4K
EPS TTM
$3.06
Shares Outstanding
43.2M
EX-Date
09/9/14
P/E TM
15.6x
Dividend
$1.76
Dividend Yield
3.69%
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, is engaged in the retail distribution, sale, and marketing of natural gas in Missouri. It operates through Gas Utility and Gas Marketing segments. 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 customers outside of the traditional service territory, including large retail and wholesale customers. In addition, it is engaged in the transportation of liquid propane; oil production; real estate development; compression of natural gas; and financial investments in other enterprises. The company provides natural gas services to approximately 1.13 million residential, commercial, and industrial customers in St. Louis and eastern Missouri, as well as in Kansas City and western Missouri. The Laclede Group, Inc. was founded in 1857 and is headquartered in St. Louis, Missouri.

2,277 Employees
Last Reported Date: 11/26/13
Founded in 1857

laclede group inc/the (LG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $573.4K
Executive Vice President and Chief Operating ...
Total Annual Compensation: $411.2K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $295.9K
Chief Integration & Innovation Officer and Se...
Total Annual Compensation: $282.8K
Chief Human Resources Officer and Senior Vice...
Total Annual Compensation: $229.0K
Compensation as of Fiscal Year 2013.

laclede group inc/the (LG) Key Developments

The Laclede Group, Inc. Presents at Bank of America Merrill Lynch Power and Gas Leaders Conference, Sep-16-2014 09:30 AM

The Laclede Group, Inc. Presents at Bank of America Merrill Lynch Power and Gas Leaders Conference, Sep-16-2014 09:30 AM. Venue: The Four Seasons Hotel, Boston, Massachusetts, United States. Speakers: Steven P. Rasche, Chief Financial Officer and Executive Vice President.

The Laclede Group, Inc. Presents at AGA New York Financial Mini-Forum, Sep-11-2014 08:00 AM

The Laclede Group, Inc. Presents at AGA New York Financial Mini-Forum, Sep-11-2014 08:00 AM. Venue: The Princeton Club, 15 West 43rd Street, New York, NY 10036, United States.

The Laclede Group, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014 and 2015

The Laclede Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total operating revenues of $241.8 million compared to $165.3 million a year ago. Operating income was $24.7 million compared to $12.3 million a year ago. Income before income taxes was $10.9 million compared to $5 million a year ago. Net income was $11.7 million or $0.33 per diluted share compared to $6.6 million or $0.25 per diluted share a year ago. Non-GAAP net economic earnings were $14.5 million or $0.44 per share compared to $8.2 million or $0.36 per share a year ago. Net economic earnings basis, quarterly earnings were $14.5 million, up 77% year-on-year. On a per share basis, net economic earnings were $0.44 per fully diluted share compared to $0.36 per share last year, and a couple of points about this comparison. For the nine months, the company reported total operating revenues of $1,404.9 million compared to $869.9 million a year ago. Operating income was $174.8 million compared to $106.2 million a year ago. Income before income taxes was $142.6 million compared to $88.6 million a year ago. Net income was $99.5 million or $2.97 per basic and diluted share compared to $62.4 million or $2.62 per basic and diluted share a year ago. Net cash provided by operating activities was $185 million compared to $167 million a year ago. Capital expenditures were $109.5 million compared to $96.8 million a year ago. This capital spend is the primary driver for the increase in the utility plant on the balance sheet. Non-GAAP net economic earnings were $102.5 million or $3.12 per share compared to $68.9 million or $3.04 per share a year ago. Overall, net economic earnings were $102.5 million or $3.12 per share. This compares to prior year earnings of $68.9 million or $3.4 per share. This increase of nearly $34 million is due to growth in its gas utility segment of approximately $31.5 million due to MGE and modest customer growth; and favorable impact of weather of approximately $9 million or $0.17 per share in the gas marketing segment, offset by the reduction in run rate Gas Marketing earnings of approximately $7 million due to overall less favorable market conditions, as well as the expiration of two key supply contracts. For the full year fiscal 2014 expectations have not changed, and the company anticipates its run rate net economic earnings to be in line with 2013, acknowledging that the unusually cold winter weather will add another $0.17 per share to its reported net economic earnings in its Gas Marketing segment. And as a reminder, 2014 economic earnings will exclude all the impacts of the Alagasco acquisition consistent with how they treated MGE last year. Looking forward into 2015 and beyond, they remain very comfortable with its long-term earnings per share growth target of between 4% and 6% and its ability to grow above that range in the next two fiscal years or fiscal 2015 and 2016. These earnings fully include the accretion from adding Alagasco to the Laclede family and the financing to support the acquisition, as well as the continued organic growth initiatives across the gas utilities.

 

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LG

Industry Average

Valuation LG Industry Range
Price/Earnings 17.8x
Price/Sales 1.1x
Price/Book 1.4x
Price/Cash Flow 12.7x
TEV/Sales 0.3x
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