Clean Yield Group cut its stake in shares of AGL Resources Inc. (NYSE:GAS) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,844 shares of the company’s stock after selling 7,910 shares during the period. AGL Resources makes up approximately 2.2% of Clean Yield Group’s portfolio, making the stock its 10th largest position. Clean Yield Group’s holdings in AGL Resources were worth $5,069,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in GAS. Conning Inc. bought a new position in AGL Resources during the second quarter valued at about $219,000. Mariner Wealth Advisors LLC bought a new position in AGL Resources during the first quarter valued at about $258,000. Boston Advisors LLC increased its stake in shares of AGL Resources by 7.7% in the first quarter. Boston Advisors LLC now owns 4,200 shares of the company’s stock valued at $274,000 after buying an additional 300 shares during the period. Wellington Management Group LLP acquired a new stake in shares of AGL Resources during the first quarter valued at $301,000. Finally, QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of AGL Resources during the second quarter valued at $330,000.
Shares of AGL Resources Inc. (NYSE:GAS) remained flat at $65.97 during midday trading on Thursday. AGL Resources Inc. has a 1-year low of $46.85 and a 1-year high of $66.49. The stock has a 50-day moving average price of $65.79 and a 200 day moving average price of $64.88.
Several equities research analysts have recently weighed in on GAS shares. Zacks Investment Research upgraded shares of AGL Resources from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Monday, June 6th. Argus downgraded shares of AGL Resources from a “buy” rating to a “hold” rating in a research note on Thursday, August 25th.
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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