Lvm Capital Management Ltdmi Lowers stake in AGL Resources (GAS)

AGL Resources (GAS) : Lvm Capital Management Ltdmi reduced its stake in AGL Resources by 9.6% during the most recent quarter end. The investment management company now holds a total of 21,353 shares of AGL Resources which is valued at $1.4 Million after selling 2,267 shares in AGL Resources according to a report filed by the company on Apr 4, 2016 with the SEC.AGL Resources makes up approximately 0.44% of Lvm Capital Management Ltdmi’s portfolio.

Many Wall Street Analysts have commented on AGL Resources. Company shares were Downgraded by Barclays on Jan 11, 2016 to ” Underweight”, Firm has raised the Price Target to $ 66 from a previous price target of $51 .

AGL Resources closed down -0.05 points or -0.08% at $65.33 with 4,05,488 shares getting traded on Monday. Post opening the session at $65.35, the shares hit an intraday low of $65.1 and an intraday high of $65.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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