Arrow Investment Advisors Lowers stake in AGL Resources (GAS)

AGL Resources (GAS) : Arrow Investment Advisors reduced its stake in AGL Resources by 15.25% during the most recent quarter end. The investment management company now holds a total of 21,569 shares of AGL Resources which is valued at $1.4 Million after selling 3,880 shares in AGL Resources , the firm said in a disclosure report filed with the SEC on May 12, 2016.AGL Resources makes up approximately 0.31% of Arrow Investment Advisors’s portfolio.

Other Hedge Funds, Including , Beach Investment Counsel Incpa reduced its stake in GAS by selling 1,600 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 20,804 shares of GAS which is valued at $1.4 Million. AGL Resources makes up approx 0.16% of Beach Investment Counsel Incpa’s portfolio.Shinko Asset Management Ltd. boosted its stake in GAS in the latest quarter, The investment management firm added 4,500 additional shares and now holds a total of 4,835 shares of AGL Resources which is valued at $317,998.Amalgamated Bank boosted its stake in GAS in the latest quarter, The investment management firm added 1,239 additional shares and now holds a total of 14,751 shares of AGL Resources which is valued at $970,173. AGL Resources makes up approx 0.10% of Amalgamated Bank’s portfolio. Nine Chapters Capital Management sold out all of its stake in GAS during the most recent quarter. The investment firm sold 95,100 shares of GAS which is valued $6.3 Million.Whittier Trust Co boosted its stake in GAS in the latest quarter, The investment management firm added 713 additional shares and now holds a total of 4,065 shares of AGL Resources which is valued at $267,721. AGL Resources makes up approx 0.01% of Whittier Trust Co’s portfolio.

AGL Resources opened for trading at $65.76 and hit $65.78 on the upside on Friday, eventually ending the session at $65.63, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 7,47,372 shares. Company has a market cap of $7,920 M.

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. The Company’s distribution operations segment operates constructs and maintains around 80700 miles of natural gas pipeline and 14 storage facilities to provide natural gas to residential commercial and industrial customers. The retail operations segment provides natural gas commodity and related services. The wholesale services segment is engaged in natural gas storage gas pipeline arbitrage and provides natural gas asset management and related logistics services for its utilities as well as for non-affiliated companies. Midstream operations segment consists of the operations of natural gas storage facilities and select pipelines.

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