The Tower Research Capital LLC TRC Invests $151,000 in AGL Resources Inc. (GAS)

The Tower Research Capital LLC TRC Invests $151,000 in AGL Resources Inc. (GAS)

Tower Research Capital LLC TRC bought a new stake in AGL Resources Inc. (NYSE:GAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,295 shares of the company’s stock, valued at approximately $151,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GAS. Renaissance Technologies LLC boosted its position in shares of 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 in the last quarter. Magnetar Financial LLC boosted its position in shares of 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 in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of AGL Resources during the first quarter valued at $27,685,000. State Street Corp boosted its position in shares of 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 in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of 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 in the last quarter.

AGL Resources Inc. (NYSE:GAS) opened at 65.97 on Friday. 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 12-month low of $46.85 and a 12-month high of $66.49.

Several research analysts have recently weighed in on GAS shares. Argus cut AGL Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Zacks Investment Research upgraded AGL Resources from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, June 13th.

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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