Vanguard Group Inc. lowered its position in shares of AGL Resources Inc. (NYSE:GAS) by 24.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,214,057 shares of the company’s stock after selling 2,599,684 shares during the period. Vanguard Group Inc.’s holdings in AGL Resources were worth $541,881,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in AGL Resources during the first quarter worth about $27,685,000. M&T Bank Corp boosted its stake in AGL Resources by 17.3% in the first quarter. M&T Bank Corp now owns 15,911 shares of the company’s stock worth $1,036,000 after buying an additional 2,346 shares during the period. JPMorgan Chase & Co. boosted its stake in AGL Resources by 5.4% in the first quarter. JPMorgan Chase & Co. now owns 1,082,279 shares of the company’s stock worth $70,500,000 after buying an additional 55,070 shares during the period. Sentry Investment Management LLC boosted its stake in AGL Resources by 7.7% in the first quarter. Sentry Investment Management LLC now owns 9,229 shares of the company’s stock worth $601,000 after buying an additional 658 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its stake in AGL Resources by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 263,313 shares of the company’s stock worth $17,152,000 after buying an additional 943 shares during the period.
Shares of AGL Resources Inc. (NYSE:GAS) opened at 65.97 on Friday. The company has a 50 day moving average of $65.79 and a 200 day moving average of $64.88. AGL Resources Inc. has a 1-year low of $46.85 and a 1-year high of $66.49.
A number of equities research analysts have issued reports on the stock. Argus cut shares of AGL Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of AGL Resources from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Monday, June 13th.
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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