Los Angeles Capital Management & Equity Research Inc. raised its stake in Atmos Energy Corporation (NYSE:ATO) by 145.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,091 shares of the utilities provider’s stock after buying an additional 31,426 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Atmos Energy Corporation were worth $4,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATO. BlackRock Inc. lifted its position in 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 valued at $740,992,000 after buying an additional 9,047,115 shares during the last quarter. Vanguard Group Inc. lifted its position in 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 valued at $799,703,000 after buying an additional 712,731 shares during the last quarter. Magellan Asset Management Ltd lifted its position in Atmos Energy Corporation by 61.0% in the first quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock valued at $79,000,000 after buying an additional 377,996 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Atmos Energy Corporation by 575.3% in the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after buying an additional 344,875 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Atmos Energy Corporation by 42.6% in the first quarter. Prudential Financial Inc. now owns 743,568 shares of the utilities provider’s stock valued at $58,735,000 after buying an additional 221,979 shares during the last quarter. 71.06% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Atmos Energy Corporation (ATO) Holdings Lifted by Los Angeles Capital Management & Equity Research Inc.” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/09/13/atmos-energy-corporation-ato-holdings-lifted-by-los-angeles-capital-management-equity-research-inc.html.

A number of research firms have commented on ATO. BidaskClub raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reaffirmed a “sell” rating and issued a $76.00 target price on shares of Atmos Energy Corporation in a research report on Friday, July 21st. Zacks Investment Research raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Tuesday, June 13th. Finally, Argus upped their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.14.

In other news, Director Richard A. Sampson acquired 1,500 shares of Atmos Energy Corporation stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $88.12 per share, with a total value of $132,180.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $264,360. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.57% of the company’s stock.

Shares of Atmos Energy Corporation (ATO) opened at 86.74 on Wednesday. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $89.00. The stock’s 50 day moving average is $87.58 and its 200 day moving average is $83.02. The firm has a market cap of $9.20 billion, a PE ratio of 23.23 and a beta of 0.40.

Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, analysts anticipate that Atmos Energy Corporation will post $3.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.

About Atmos Energy Corporation

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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.

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO).

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

Receive News & Ratings for Atmos Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.