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April 8, 2014
07:03 EDTLGLaclede upgraded to Buy from Hold at Stifel
Stifel upgraded Laclede to Buy from Hold citing the acquisition of Alabama Gas for $1.34B. The firm views the transaction as accretive to shareholders in FY15 and adds geographic and regulatory diversity. Price target is $50.
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November 24, 2015
07:04 EDTLGLaclede board increases quarterly dividend by 6.5% to 49c
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07:04 EDTLGLaclede sees long-term CapEX to increase to $335M by 2020
Looking longer term, the Company anticipates that its level of capital spending will increase from $315 million in 2016 to approximately $335 million by 2020, or a total of more than $1.6 billion over the next five years, driven by higher utility investment. Laclede also confirms its long-term net economic earnings per share growth target of 4 - 6 percent.
07:03 EDTLGLaclede sees FY16 NEE $3.34-$3.44, consensus $3.37
Sees FY16 CapEx $315M, with Gas Utilities accounting for $310M of that total. This increase reflects the continued ramp-up of infrastructure upgrades in both Missouri and Alabama. Laclede expects that 70 percent of its fiscal 2016 capital expenditures will be recovered in rates with minimal lag under the existing regulatory mechanisms in Missouri and Alabama. In addition, approximately 10% of the remaining total spend is anticipated to support Missouri-based new business expansion that will add to operating margin.
07:02 EDTLGLaclede reports Q4 EPS (43c), consensus (35c)
Reports Q4 revenue $204.2M, consensus $287.11M.

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