Whittier Trust Co. of Nevada Inc. Reduces Stake in Atmos Energy Corp. (ATO)
Whittier Trust Co. of Nevada Inc. lowered its position in shares of Atmos Energy Corp. (NYSE:ATO) by 12.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,240 shares of the company’s stock after selling 1,289 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Atmos Energy Corp. were worth $751,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ATO. Legal & General Group Plc raised its stake in shares of Atmos Energy Corp. by 3.1% in the first quarter. Legal & General Group Plc now owns 362,484 shares of the company’s stock worth $26,917,000 after buying an additional 10,995 shares during the period. Renaissance Technologies LLC raised its stake in shares of Atmos Energy Corp. by 3.4% in the first quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $28,672,000 after buying an additional 12,700 shares during the period. Prudential Financial Inc. raised its stake in shares of Atmos Energy Corp. by 42.9% in the first quarter. Prudential Financial Inc. now owns 161,749 shares of the company’s stock worth $12,012,000 after buying an additional 48,550 shares during the period. Bessemer Group Inc. raised its stake in shares of Atmos Energy Corp. by 174.2% in the first quarter. Bessemer Group Inc. now owns 1,522 shares of the company’s stock worth $113,000 after buying an additional 967 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Atmos Energy Corp. during the first quarter worth $1,003,000. 70.64% of the stock is owned by institutional investors and hedge funds.
Shares of Atmos Energy Corp. (NYSE:ATO) traded down 0.95% on Friday, reaching $70.07. The company had a trading volume of 574,964 shares. The company has a 50 day moving average of $74.38 and a 200-day moving average of $75.28. Atmos Energy Corp. has a 52 week low of $58.75 and a 52 week high of $81.97. The company has a market capitalization of $7.28 billion, a P/E ratio of 21.28 and a beta of 0.30.
Atmos Energy Corp. (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.58 by $0.11. During the same period in the previous year, the business earned $0.54 EPS. Analysts predict that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.
ATO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Friday, August 5th. Citigroup Inc. boosted their price target on Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research lowered Atmos Energy Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Atmos Energy Corp. has a consensus rating of “Hold” and an average price target of $77.14.
In other news, SVP Louis P. Gregory sold 4,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $78.10, for a total transaction of $312,400.00. Following the completion of the transaction, the senior vice president now directly owns 82,182 shares in the company, valued at $6,418,414.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas C. Meredith sold 1,020 shares of the firm’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $75.24, for a total value of $76,744.80. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
Atmos Energy Corp. Company Profile
Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corp. (NYSE:ATO).
Receive News & Ratings for Atmos Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.