Retirement Systems of Alabama raised its position in Atmos Energy Corporation (NYSE:ATO) by 12.9% during the second quarter, Holdings Channel reports. The institutional investor owned 289,740 shares of the utilities provider’s stock after buying an additional 33,051 shares during the period. Retirement Systems of Alabama’s holdings in Atmos Energy Corporation were worth $24,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ATO. Vanguard Group Inc. raised its stake in shares of Atmos Energy Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock worth $799,703,000 after buying an additional 712,731 shares in the last quarter. BlackRock Inc. raised its stake in shares of Atmos Energy Corporation by 2,710.9% in the first quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock worth $740,992,000 after buying an additional 9,047,115 shares in the last quarter. State Street Corp raised its stake in shares of Atmos Energy Corporation by 2.6% in the first quarter. State Street Corp now owns 6,764,362 shares of the utilities provider’s stock worth $534,320,000 after buying an additional 168,800 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Atmos Energy Corporation by 18.4% in the first quarter. American Century Companies Inc. now owns 2,738,696 shares of the utilities provider’s stock worth $216,330,000 after buying an additional 425,986 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Atmos Energy Corporation by 2.5% in the first quarter. Victory Capital Management Inc. now owns 1,624,538 shares of the utilities provider’s stock worth $128,322,000 after buying an additional 39,468 shares in the last quarter. 72.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atmos Energy Corporation (NYSE:ATO) opened at 87.19 on Monday. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $87.80. The firm’s 50-day moving average is $84.51 and its 200 day moving average is $80.57. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 23.40 and a beta of 0.39.

Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the previous year, the business posted $0.64 EPS. On average, equities research analysts anticipate that Atmos Energy Corporation will post $3.60 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, August 17th. Atmos Energy Corporation’s payout ratio is currently 48.13%.

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ATO has been the topic of a number of research reports. BidaskClub lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday. J P Morgan Chase & Co reissued an “overweight” rating and issued a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. Barclays PLC reissued a “sell” rating and issued a $76.00 price objective on shares of Atmos Energy Corporation in a research report on Friday, July 21st. Finally, Argus boosted their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Atmos Energy Corporation currently has an average rating of “Buy” and an average target price of $85.50.

About Atmos Energy Corporation

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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Institutional Ownership by Quarter for Atmos Energy Corporation (NYSE:ATO)

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