Nationwide Fund Advisors Has $2,258,000 Position in AGL Resources Inc. (GAS)
Nationwide Fund Advisors decreased its stake in shares of AGL Resources Inc. (NYSE:GAS) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,227 shares of the company’s stock after selling 1,303 shares during the period. Nationwide Fund Advisors’ holdings in AGL Resources were worth $2,258,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in AGL Resources by 218.3% in the first quarter. Renaissance Technologies LLC now owns 2,001,061 shares of the company’s stock valued at $130,349,000 after buying an additional 1,372,461 shares during the last quarter. Magnetar Financial LLC boosted its stake in AGL Resources by 63.5% in the first quarter. Magnetar Financial LLC now owns 1,612,859 shares of the company’s stock valued at $105,062,000 after buying an additional 626,513 shares during the period. Canada Pension Plan Investment Board purchased a new stake in AGL Resources during the first quarter valued at $27,685,000. State Street Corp boosted its stake in AGL Resources by 7.8% in the first quarter. State Street Corp now owns 5,842,724 shares of the company’s stock valued at $380,602,000 after buying an additional 422,239 shares during the period. Finally, Gabelli Funds LLC boosted its stake in AGL Resources by 138.4% in the second quarter. Gabelli Funds LLC now owns 622,911 shares of the company’s stock valued at $41,093,000 after buying an additional 361,611 shares during the period.
AGL Resources Inc. (NYSE:GAS) remained flat at $65.97 during midday trading on Wednesday. The company 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 1-year low of $46.85 and a 1-year high of $66.49.
Several research firms have recently weighed in on GAS. Argus cut shares of AGL Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Zacks Investment Research cut shares of AGL Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd.
About AGL Resources
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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