Laclede Group, Inc.

Laclede Group, Inc. (LG - Snapshot Report) shares have moved higher since originally being featured as a Zacks momentum stock in early October. The recent gains come on the heels of the company's strong full-year results, reported on Oct 30.

Full-Year Results

Full-year income from continuing operations, including the sale of one of its divisions, totaled $77.9 million, an increase of $28.2 million from last 2007. This produced earnings of $3.58 per share, ahead of last year's income of $2.31.

The current-year estimate has held steady in higher ground for this Zacks #1 rank stock, standing at $2.45 per share. Based upon this earnings projection, its forward P/E multiple is over 20X, a premium to the overall market.

The Chart

Shares of LG just logged a new 52-week and all-time high, take a look at the chart below.

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