Smithfield Trust Co. Has $474,000 Position in Atmos Energy Corp. (ATO)
Smithfield Trust Co. cut its stake in Atmos Energy Corp. (NYSE:ATO) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,834 shares of the company’s stock after selling 30 shares during the period. Smithfield Trust Co.’s holdings in Atmos Energy Corp. were worth $474,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Legal & General Group Plc boosted 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 valued at $26,917,000 after buying an additional 10,995 shares in the last quarter. Renaissance Technologies LLC boosted 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 valued at $28,672,000 after buying an additional 12,700 shares in the last quarter. Bessemer Group Inc. boosted 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 valued at $113,000 after buying an additional 967 shares in the last quarter. Prudential Financial Inc. boosted 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 valued at $12,012,000 after buying an additional 48,550 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Atmos Energy Corp. during the first quarter valued at $1,003,000. 70.63% of the stock is currently owned by institutional investors.
Shares of Atmos Energy Corp. (NYSE:ATO) traded up 0.31% during trading on Friday, hitting $71.23. 206,368 shares of the stock traded hands. The company has a 50 day moving average price of $73.66 and a 200 day moving average price of $75.20. Atmos Energy Corp. has a 12 month low of $59.22 and a 12 month high of $81.97. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 21.63 and a beta of 0.30.
Atmos Energy Corp. (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. During the same quarter in the previous year, the firm posted $0.54 EPS. Analysts anticipate that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.
ATO has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. Zacks Investment Research raised shares of Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Tuesday. Finally, Citigroup Inc. boosted their target price on shares of Atmos Energy Corp. from $58.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.43.
In related news, SVP Louis P. Gregory sold 4,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.10, for a total transaction of $312,400.00. Following the transaction, the senior vice president now owns 82,182 shares of the company’s stock, valued at approximately $6,418,414.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas C. Meredith sold 1,020 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $75.24, for a total transaction of $76,744.80. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
About Atmos Energy Corp.
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.
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