Gas Utilities: AGL Resources Inc. (NYSE:GAS), National Grid (NYSE:NGG), Questar Corporation (NYSE:STR), Clean Energy Fuels (NASDAQ:CLNE)

Posted by on Mar 31, 2014

Sempra Energy and AGL Resources Inc. (NYSE:GAS) have expressed interest in buying Energen Corp. (EGN)’s natural gas utility, which could fetch more than $1 billion, people with knowledge of the matter said. AGL Resources Inc. (NYSE:GAS) shares after opening at $48.47 moved to $48.56 on last trade day and at the end of the day closed at $48.33. Company price to sales ratio in past twelve months was calculated as 1.25 and price to cash ratio as 37.18. AGL Resources Inc. (NYSE:GAS) showed a positive weekly performance of 1.24%.

National Grid plc (ADR) (NYSE:NGG) has accepted CUI Global’s proprietary VE® Technology as the “preferred option” for British natural gas pipelines and intends to present the solution at a future European Seminar for Gas Transporters Benchmarking Initiative. National G National Grid plc (ADR) (NYSE:NGG) shares advanced 1.14% in last trading session and ended the day on $68.97. NGG return on equity ratio is recorded as 47.30% and its return on assets is 9.30%. National Grid plc (ADR) (NYSE:NGG) yearly performance is 28.13%.

Questar Fuelling Company, subsidiary of Questar Corporation (NYSE:STR), plans to build a compressed natural gas (CNG) fuelling station in Phoenix, Ariz. Questar Corporation (NYSE:STR) shares moved down -0.08% in last trading session and was closed at $23.54, while trading in range of $23.43 – $23.73. Questar Corporation (NYSE:STR) year to date (YTD) performance is 3.16%.

On March 19, 2014, Canton Renewables, LLC a wholly owned subsidiary of Clean Energy Fuels Corp. (NASDAQ:CLNE), completed the previously announced issuance of Solid Waste Facility Limited Obligation Revenue Bonds Series 2014 in the aggregate principal amount of $12.4 million. Clean Energy Fuels Corp (NASDAQ:CLNE) weekly performance is -2.11%. On last trading day company shares ended up $8.83. Clean Energy Fuels Corp (NASDAQ:CLNE) distance from 50-day simple moving average (SMA50) is -12.50%. Analysts mean target price for the company is $11.06.

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