{"id":53333,"date":"2014-06-26T02:37:42","date_gmt":"2014-06-26T06:37:42","guid":{"rendered":"http:\/\/countingpips.com\/?p=53333"},"modified":"2014-06-26T02:37:42","modified_gmt":"2014-06-26T06:37:42","slug":"why-the-agl-energy-share-price-closed-higher-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/why-the-agl-energy-share-price-closed-higher-today\/","title":{"rendered":"Why the AGL Energy Share Price Closed Higher Today"},"content":{"rendered":"
June 26, 2014<\/div>
\r\n<\/div><\/div>

By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the AGL Energy Share Price?<\/h2>\n

AGL Energy Limited [ASX:AGK]<\/strong> closed 2.83% higher on Thursday. Their power portfolio includes base electricity generation (from both fossil and non-renewable fuels), as well as wholesale and retail services.<\/p>\n

Why Did This Happen to AGK Shares?<\/h2>\n

On Wednesday, AGL won an appeal against an ACCC ruling. Previously the ACCC stated AGL Energy couldn\u2019t purchase the assets of Macquarie Generation (MacGen). MacGen is a base load electricity producer in New South Wales.<\/p>\n

The Australian Competition Tribunal ruled AGL\u2019s $1.5 billion acquisition of MacGen assets \u2018is not likely to result in a significant detriment to the ability of retailers, including small retailers to compete in the NSW electricity market.\u2019 New South Wales is AGL\u2019s largest electricity market with more than 800,000 customers. <\/p>\n

What Now For AGL Energy Limited?<\/h2>\n

AGL\u2019s share price has risen 43 cents higher to $15.61 today. However, it\u2019s still below its 52 week peak of $16.27 in May 2014.
\nThe energy company is a volatile stock. Share prices have traded $13.97 to $16.27 this year. AGL pays a good dividend. For the last financial year, it was $1.23 per share, up from 56 cents per share in 2012. In spite of the volatility, it is a good stable dividend payer. <\/p>\n

This new acquisition should see revenues increase in the 2015 financial year.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Shae Smith+<\/a>
\n Editor, Money Weekend<\/em><\/strong><\/p>\n

Join Money Morning on Google+ <\/u><\/a><\/strong><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the AGL Energy Share Price? AGL Energy Limited [ASX:AGK] closed 2.83% higher on Thursday. Their power portfolio includes base electricity generation (from both fossil and non-renewable fuels), as well as wholesale and retail services. Why Did This Happen to AGK Shares? On Wednesday, AGL won an appeal against an ACCC […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-53333","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=53333"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53333\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=53333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=53333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=53333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}