Their principal business is the distribution of natural gas to customers in central, northwest, northeast and southeast Georgia and the Chattanooga, Tennessee area through its natural gas distribution subsidiary. AGL's major service area is the ten county metropolitan Atlanta area. The company is in a fast growing market and recent rate increase make the future look bright. With a 4.7% dividend rate this company is projected to give a 14.5% total annual return for the next 5 years. Factors I like: Technical Factors:
Fundamental Factors:
General Investor Sentiment:
Summary: AGL already received approval for a rate increase in one of the fastest growing areas in the US. The earnings growth prospects plus a 4.7% dividend while you wait make this a great choice for conservative investors. Jim Van Meerten is an analyst for Marketocracy Capital Management. He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on Barchart.com in his daily blog -- Barchart Portfolio Blogs. |
Educational and Instructional Stock Market Investing Newsletter for the hands-on investor. I use my 40+ years of experience in Accounting, Law and Financial Services To show you how to find stocks that will not only beat the market but consistently beat Warren Buffett, his Berkshire Hathaway fund and most of the Morningstar 5 Star mutual funds.
Friday, May 6, 2011
AGL Resouces may get great total return
I was screening on Barchart for companies having new highs and came across AGL Resources (AGL).
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