Atmos Energy Corporation (NYSE:ATO) Position Boosted by Advisor Partners LLC
Advisor Partners LLC boosted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 2,849 shares of the utilities provider’s stock after buying an additional 72 shares during the period. Advisor Partners LLC’s holdings in Atmos Energy Corporation were worth $236,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Carroll Financial Associates Inc. raised 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 in the last quarter. Strs Ohio increased its position in shares of 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 increased its position in shares of 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. bought a new position in shares of Atmos Energy Corporation during the first quarter worth about $134,000. Finally, Advisory Services Network LLC bought a new position in shares of Atmos Energy Corporation during the first quarter worth about $153,000. Institutional investors own 72.10% of the company’s stock.
Atmos Energy Corporation (NYSE:ATO) opened at 87.16 on Friday. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $88.69. The firm’s 50-day moving average is $85.16 and its 200-day moving average is $81.18. The stock has a market capitalization of $9.24 billion, a P/E ratio of 23.34 and a beta of 0.39.
Atmos Energy Corporation (NYSE:ATO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities analysts expect that Atmos Energy Corporation will post $3.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be given a dividend of $0.45 per share. The ex-dividend date 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 48.13%.
ATO has been the topic of a number of research analyst reports. Argus boosted their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. 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 research report on Tuesday, June 13th. BidaskClub downgraded shares of Atmos Energy Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $89.00 price objective (up from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $86.83.
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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