Signaturefd LLC raised its position in shares of AGL Resources Inc. (NYSE:GAS) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,621 shares of the company’s stock after buying an additional 53 shares during the period. Signaturefd LLC’s holdings in AGL Resources were worth $899,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GAS. Nordea Investment Management AB increased its position in AGL Resources by 67.1% in the second quarter. Nordea Investment Management AB now owns 7,273 shares of the company’s stock worth $480,000 after buying an additional 2,921 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in AGL Resources during the second quarter worth $8,765,000. Sumitomo Mitsui Asset Management Company LTD increased its position in AGL Resources by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,968 shares of the company’s stock worth $591,000 after buying an additional 85 shares during the period. Arrow Investment Advisors LLC increased its position in AGL Resources by 2.4% in the second quarter. Arrow Investment Advisors LLC now owns 22,081 shares of the company’s stock worth $1,457,000 after buying an additional 512 shares during the period. Finally, Advisory Services Network LLC increased its position in AGL Resources by 99.1% in the second quarter. Advisory Services Network LLC now owns 1,991 shares of the company’s stock worth $131,000 after buying an additional 991 shares during the period.
Shares of AGL Resources Inc. (NYSE:GAS) remained flat at $65.97 on Tuesday. The stock has a 50-day moving average price of $65.79 and a 200 day moving average price of $64.88. AGL Resources Inc. has a 52 week low of $46.85 and a 52 week high of $66.49.
A number of research analysts recently weighed in on the stock. Argus downgraded shares of AGL Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Zacks Investment Research downgraded shares of AGL Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
AGL Resources Company Profile
AGL Resources Inc (AGL Resources) is an energy services holding company engaged in the distribution of natural gas. The Company operates in four operating segments: distribution operations, retail operations, wholesale services and midstream operations. Its distribution operations segment is engaged in the operation, construction and maintenance of approximately 81,300 miles of natural gas pipeline and over 10 storage facilities and provides natural gas to residential, commercial and industrial customers.
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