Atmos Energy Corporation (ATO) Position Raised by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 92,162 shares of the utilities provider’s stock after buying an additional 1,685 shares during the period. Great West Life Assurance Co. Can’s holdings in Atmos Energy Corporation were worth $7,639,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of 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 last quarter. Strs Ohio boosted its stake in Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares during the last quarter. Huntington National Bank boosted its stake in Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after buying an additional 500 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Atmos Energy Corporation during the first quarter worth approximately $134,000. Finally, Advisory Services Network LLC acquired a new stake in Atmos Energy Corporation during the first quarter worth approximately $153,000. Institutional investors and hedge funds own 72.10% of the company’s stock.
Shares of Atmos Energy Corporation (ATO) opened at 87.16 on Friday. The company has a market capitalization of $9.24 billion, a PE ratio of 23.34 and a beta of 0.39. The stock’s 50 day moving average price is $85.16 and its 200-day moving average price is $81.18. 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 released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same period last year, the business earned $0.64 earnings per share. On average, equities analysts predict that Atmos Energy Corporation will post $3.61 EPS for the current year.
The firm also recently disclosed 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 dividend yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
A number of research firms have recently commented on ATO. Barclays PLC set a $75.00 target price on Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Saturday, May 6th. BidaskClub cut Atmos Energy Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, June 20th. Finally, Argus lifted their target price on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s 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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