{"id":62380,"date":"2014-10-23T02:54:44","date_gmt":"2014-10-23T06:54:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=62380"},"modified":"2014-10-23T02:54:44","modified_gmt":"2014-10-23T06:54:44","slug":"why-the-agl-energy-share-price-fell-today-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/why-the-agl-energy-share-price-fell-today-2\/","title":{"rendered":"Why the AGL Energy Share Price Fell Today"},"content":{"rendered":"
October 23, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

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

The share price of power generator and retailer AGL Energy Ltd [ASX:AGL] <\/strong>retreated by nearly 1% today, lagging behind a mixed Aussie stock market<\/a>. Earlier in the session, the stock traded down by as much as 2.8%. AGL shares have been stuck in a distinct downtrend for much of the past six months.<\/p>\n

Why Did This Happen to the AGL Share Price?<\/h2>\n

This morning, AGL disappointed the market with its profit forecast. Excluding one-off items, the company expects to make between $575 million and $635 million in the year ending 30 June 2015.<\/p>\n

That\u2019s less than what most analysts expected.<\/p>\n

What\u2019s more, the company is taking a $156 million hit related to its $1.5 billion takeover of NSW power producer Macquarie Generation.<\/p>\n

To chalk 10% of the value of an acquisition up as \u2018costs\u2019 has raised some eyebrows. The size of this impact took investors by surprise, which has put the stock price under pressure today.<\/p>

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What Now for AGL Energy Ltd?<\/h2>\n

It\u2019s worth remembering that AGL Energy is a solid dividend-paying stock. AGL paid out 63 cents per share last financial year. <\/p>\n

The prospect of a dividend yield north of 4.5% should entice income-focused buyers to support AGL Energy.<\/p>\n

Cheers, Tim Dohrmann<\/strong>+<\/strong><\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong>
\nJoin Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the AGL Energy Share Price Fell Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/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? The share price of power generator and retailer AGL Energy Ltd [ASX:AGL] retreated by nearly 1% today, lagging behind a mixed Aussie stock market. Earlier in the session, the stock traded down by as much as 2.8%. AGL shares have been stuck in a distinct […]<\/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-62380","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62380","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=62380"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62380\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}