Cardinal Capital Management buys $772,157 stake in Laclede Group Inc (LG)

Laclede Group Inc (LG) : Cardinal Capital Management scooped up 780 additional shares in Laclede Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 11,964 shares of Laclede Group Inc which is valued at $772,157.Laclede Group Inc makes up approximately 0.32% of Cardinal Capital Management’s portfolio.

Laclede Group Inc closed down -0.5 points or -0.78% at $63.89 with 5,12,011 shares getting traded on Wednesday. Post opening the session at $64.39, the shares hit an intraday low of $62.65 and an intraday high of $64.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in LG during the most recent quarter. The investment firm sold 74,500 shares of LG which is valued $4,808,230.Capstone Asset Management Co reduced its stake in LG by selling 1,010 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 13,776 shares of LG which is valued at $924,921. Laclede Group Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio.Lynch Associatesin reduced its stake in LG by selling 100 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 5,859 shares of LG which is valued at $393,373. Laclede Group Inc makes up approx 0.18% of Lynch Associatesin’s portfolio.

On the company’s financial health, Laclede Group Inc reported $1.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $1.11. The company had revenue of $399.40 million for the quarter, compared to analysts expectations of $647.12 million. The company’s revenue was down -35.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.09 EPS.

The Laclede Group Inc. (Laclede Group) is a public utility holding company for Laclede Gas Company (Laclede Gas or the Missouri Utilities). The Company operates through two segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation (Alagasco or the Alabama Utility) (collectively the Utilities). Laclede Gas is a public utility engaged in the purchase retail distribution and sale of natural gas serving residential commercial and industrial customers through Missouri Gas Energy (MGE) Kansas City and western Missouri. Alagasco is a public utility engaged in the purchase retail distribution and sale of natural gas in central and northern Alabama. The Gas Marketing segment includes Laclede Energy Resources Inc. (LER) which is engaged in the marketing of natural gas and related activities on a non-regulated basis.

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