AGL Resources Inc. (NYSE:GAS), saw a high level insider lower his holdings in the company. Chairman, President, and CEO John W. Somerhalder II sold 3,500 shares of common stock at a range of prices, from $53.94 to $54.5 per share. Following the completion of this transaction, Somerhalder now has 65,476,212 shares directly involved with the company, and 145,221.6552 shares indirectly.
AGL Resources Inc. (NYSE:GAS), is a $6.54 billion market cap company that is an energy services holding company whose principal business is the distribution of natural gas.
As well, while there are multiple hedge funds involved with the gas company, there is one with the most. Winton Capital management, the hedge fund run by David Harding, saw a reduction in it’s holdings with the company last quarter, after reporting a 6% decrease in it’s overall activity, and is now holding 849,672 shares worth approximately $41.6 million invested in AGL Resources Inc. (NYSE:GAS).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.