World Asset Management Inc Has $589,000 Stake in Atmos Energy Corporation (NYSE:ATO)
World Asset Management Inc boosted its position in Atmos Energy Corporation (NYSE:ATO) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 7,103 shares of the utilities provider’s stock after buying an additional 107 shares during the period. World Asset Management Inc’s holdings in Atmos Energy Corporation were worth $589,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. boosted its stake in Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after buying an additional 4 shares during the period. Advisor Partners LLC boosted its stake in Atmos Energy Corporation by 1.0% in the first quarter. Advisor Partners LLC now owns 2,777 shares of the utilities provider’s stock worth $219,000 after buying an additional 28 shares during the period. Lbmc Investment Advisors LLC boosted its stake in Atmos Energy Corporation by 0.6% in the first quarter. Lbmc Investment Advisors LLC now owns 5,325 shares of the utilities provider’s stock worth $421,000 after buying an additional 31 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Atmos Energy Corporation by 1.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,243 shares of the utilities provider’s stock worth $269,000 after buying an additional 35 shares during the period. Finally, Ronna Sue Cohen boosted its stake in Atmos Energy Corporation by 0.5% in the second quarter. Ronna Sue Cohen now owns 7,515 shares of the utilities provider’s stock worth $623,000 after buying an additional 40 shares during the period. 72.10% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Corporation (ATO) opened at 87.43 on Thursday. The firm has a market cap of $9.30 billion, a PE ratio of 23.46 and a beta of 0.39. The firm’s 50-day moving average is $84.95 and its 200 day moving average is $81.04. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $88.69.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same quarter last year, the company earned $0.64 EPS. On average, equities analysts forecast that Atmos Energy Corporation will post $3.60 earnings per share for the current fiscal year.
The business 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.80 annualized dividend and a yield of 2.06%. Atmos Energy Corporation’s dividend payout ratio (DPR) is 48.13%.
A number of research firms recently weighed in on ATO. Barclays PLC set a $75.00 price objective on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a report on Saturday, May 6th. BidaskClub raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, June 13th. Finally, Argus increased their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Atmos Energy Corporation currently has a consensus rating of “Hold” and an average price target of $86.83.
Atmos Energy Corporation Company Profile
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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