Market Runner: Agl Resources Inc (NYSE:GAS) Stock Price Down as Sentiment Crashes

November 28, 2016 - By Linda Rogers   ·   0 Comments

Market Runner: Agl Resources Inc (NYSE:GAS) Stock Price Down as Sentiment  Crashes

Sentiment for Agl Resources Inc (NYSE:GAS)

Agl Resources Inc (NYSE:GAS) institutional sentiment decreased to 0 in Q2 2016. Its down -0.92, from 0.92 in 2016Q1. The ratio has dropped, as 167 hedge funds increased and opened new equity positions, while 182 sold and trimmed stakes in Agl Resources Inc. The hedge funds in our partner’s database now hold: 72.59 million shares, down from 75.38 million shares in 2016Q1. Also, the number of hedge funds holding Agl Resources Inc in their top 10 equity positions decreased from 10 to 6 for a decrease of 4. Sold All: 62 Reduced: 120 Increased: 134 New Position: 33.

Southern Company Gas, formerly AGL Resources Inc, is a natural gas-only distribution company. The company has a market cap of $7.96 billion. The Firm operates in four operating divisions: distribution operations, retail operations, wholesale services and midstream operations. It has a 23.2 P/E ratio. The Company’s distribution activities segment is engaged in providing natural gas to residential, commercial and industrial customers.

The stock closed at $65.97 during the last session. It is down 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Water Island Capital Llc holds 7.84% of its portfolio in Southern Company Gas for 2.40 million shares. Havens Advisors Llc owns 111,996 shares or 5.61% of their US portfolio. Moreover, Gabelli Securities Inc. has 3.22% invested in the company for 375,012 shares. The Massachusetts-based Longfellow Investment Management Co Llc has invested 3.12% in the stock. Kellner Capital Llc, a New York-based fund reported 58,800 shares.#img1#

Southern Company Gas (NYSE:GAS) Ratings Coverage

Ratings analysis reveals 50% of AGL Resources’s analysts are positive. Out of 2 Wall Street analysts rating AGL Resources, 1 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. GAS was included in 2 notes of analysts from August 25, 2015. The firm has “Buy” rating given on Tuesday, August 25 by Argus Research. Barclays Capital downgraded Southern Company Gas (NYSE:GAS) on Monday, January 11 to “Underweight” rating.

More notable recent Southern Company Gas (NYSE:GAS) news were published by: Prnewswire.com which released: “Southern Company, Kinder Morgan enter Southern Natural Gas pipeline strategic …” on July 10, 2016, also Businesswire.com with their article: “Southern Company, Kinder Morgan Finalize Southern Natural Gas Pipeline …” published on September 01, 2016, Prnewswire.com published: “Southern Company subsidiary to acquire natural gas-fired power facility in …” on September 01, 2016. More interesting news about Southern Company Gas (NYSE:GAS) were released by: Prnewswire.com and their article: “Southern Company announces new legal team leadership” published on November 16, 2016 as well as Prnewswire.com‘s news article titled: “Southern Company subsidiary closes on natural gas-fired power facility in …” with publication date: October 27, 2016.

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By Linda Rogers


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