Gas Utilities: AGL Resources Inc. (NYSE:GAS), ONEOK, Inc. (NYSE:OKE), Summit Midstream Partners LP (NYSE:SMLP), National Grid plc (ADR) (NYSE:NGG)

Posted by on Mar 13, 2014

AGL Resources Inc. logo AGL Resources (NYSE:GAS) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research note issued to investors on Monday, TheFlyOnTheWall. AGL Resources Inc. (NYSE:GAS) stock opened at $47.30 in last session, and closed at $47.86, while the day range of AGL Resources Inc. (NYSE:GAS) stock is $47.25 – $47.88. The stock showed a positive weekly performance of 1.29%.

ONEOK Inc. (NYSE:OKE) reported fourth-quarter 2013 adjusted earnings per share of 54 cents, missing the Zacks Consensus Estimate by 10%. ONEOK, Inc. (NYSE:OKE) stock opened at $57.97 in last session, and closed at $58.68 by gaining 0.91%. The 52 week range of $39.39 – $68.55. Company’s market capitalization is $12.10 billion.

Summit Midstream Partners LP (NYSE:SMLP) on Mar. 11 announced the pricing of its underwritten public offering of 9,000,000 common units representing limited partner interests in SMLP, of which 5,300,000 common units are being offered by SMLP and 3,700,000 common units are being offered by Summit Midstream Partners Holdings, LLC (“SMP Holdings”), at a public offering price of $38.75 per common unit. Summit Midstream Partners LP (NYSE:SMLP) stock increased 8.03% and finished the last session at $41.86. The EPS of the stock remained 1.77. Company’s market capitalization is $1.22 billion.

Equities research analysts at Berenberg Bank raised their price target on shares of National Grid plc (NYSE:NGG) from GBX 740 ($12.37) to GBX 785 ($13.13) in a research note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 5.75% from the company’s current price. National Grid plc (ADR) (NYSE:NGG) stock opened the session at $68.99, and closed the session at $69.09. The 52 week range of the National Grid plc (ADR) (NYSE:NGG) stock remained $54.99 – $70.07 and the day range was $68.84 – $69.36.

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