SOUTHWEST GAS HOLDINGS, INC. NEW YORK, June 29, 2016 /PRNewswire/ -- S&P MidCap 400 constituent Alliant Energy Corp. (NYSE: LNT) will replace AGL Resources Inc. (NYSE: GAS) in the S&P 500, S&P SmallCap 600 constituent Southwest Gas Corp. (NYSE: SWX) will replace Alliant Energy in the S&P MidCap 400, and Shutterstock Inc. (NYSE: SSTK) will replace Southwest Gas in the S&P SmallCap 600 after the close of trading on Thursday, June 30. S&P 100 & 500 constituent Southern Co. (NYSE: SO) is acquiring AGL Resources in a deal expected to be completed soon, pending final conditions.
Alliant Energy provides regulated electricity and natural gas services to residential, commercial, industrial, and wholesale customers. Headquartered in Madison, WI, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Electric Utilities Sub-Industry index.
Southwest Gas purchases, distributes, and transports natural gas. Headquartered in Las Vegas, NV, the company will be added to the S&P MidCap 400 GICS Gas Utilities Sub-Industry index.
Shutterstock provides content products and services, and offers digital imagery services used in visual communications. Headquartered in New York, NY, the Company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - June 30, 2016
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COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Alliant Energy Utilities Electric Utilities
----- -------------- --------- ------------------
DELETED AGL Resources Utilities Gas Utilities
------- ------------- --------- -------------
S&P MIDCAP 400 INDEX - June 30, 2016
------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Southwest Gas Utilities Gas Utilities
----- ------------- --------- -------------
DELETED Alliant Energy Utilities Electric Utilities
------- -------------- --------- ------------------
S&P SMALLCAP 600 INDEX - June 30, 2016
--------------------------------------
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
------- -------------------- -----------------
ADDED Shutterstock Information Technology Internet Software &
Services
--- --------
DELETED Southwest Gas Utilities Gas Utilities
------- ------------- --------- -------------
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