Stock On Watch: Nicor Inc (NYSE:GAS) Institutional Investor Positioning

November 28, 2016 - By Linda Rogers   ·   0 Comments

Stock On Watch: Nicor Inc (NYSE:GAS) Institutional Investor Positioning

Sentiment for Nicor Inc (NYSE:GAS)

Nicor Inc (NYSE:GAS) institutional sentiment decreased to 0 in 2016 Q2. Its down -1.00, from 1 in 2016Q1. The ratio turned negative, as 177 funds increased or started new stock positions, while 177 sold and decreased their stock positions in Nicor Inc. The funds in our partner’s database reported: 73.84 million shares, down from 75.34 million shares in 2016Q1. Also, the number of funds holding Nicor Inc in their top 10 stock positions decreased from 10 to 6 for a decrease of 4. Sold All: 59 Reduced: 118 Increased: 137 New Position: 40.

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 stock of Southern Company Gas (NYSE:GAS) earned “Buy” rating by Argus Research on Tuesday, August 25. The stock of Southern Company Gas (NYSE:GAS) has “Underweight” rating given on Monday, January 11 by Barclays Capital.

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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