Atmos Energy Corporation (ATO) Shares Sold by Commonwealth Bank of Australia
Commonwealth Bank of Australia lessened its position in shares of Atmos Energy Corporation (NYSE:ATO) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,561 shares of the utilities provider’s stock after selling 900 shares during the quarter. Commonwealth Bank of Australia’s holdings in Atmos Energy Corporation were worth $461,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its holdings in Atmos Energy Corporation by 12.8% during the 2nd quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after buying an additional 95,248 shares in the last quarter. Legal & General Group Plc grew its holdings in Atmos Energy Corporation by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after buying an additional 23,724 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Atmos Energy Corporation by 8.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 320,214 shares of the utilities provider’s stock valued at $25,294,000 after buying an additional 25,769 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Atmos Energy Corporation by 2.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 43,800 shares of the utilities provider’s stock valued at $3,460,000 after buying an additional 1,086 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Atmos Energy Corporation by 6.3% during the 1st quarter. Advisors Asset Management Inc. now owns 11,543 shares of the utilities provider’s stock valued at $912,000 after buying an additional 680 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.
In related news, Director Richard A. Sampson purchased 1,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $264,360. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.57% of the stock is owned by corporate insiders.
Shares of Atmos Energy Corporation (NYSE ATO) opened at 87.13 on Monday. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 23.33 and a beta of 0.40. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $89.00. The stock has a 50 day moving average price of $87.58 and a 200 day moving average price of $83.19.
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 analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $526.50 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter last year, the company earned $0.64 earnings per share. On average, equities analysts anticipate that Atmos Energy Corporation will post $3.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a $0.45 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
Several equities analysts have weighed in on the company. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC restated a “sell” rating and set a $76.00 price target on shares of Atmos Energy Corporation in a report on Friday, July 21st. Zacks Investment Research upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Tuesday, June 13th. Finally, Argus raised their price target on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $86.14.
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.
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