Atmos Energy Corporation (ATO) Shares Bought by Cbre Clarion Securities LLC
Cbre Clarion Securities LLC grew its position in Atmos Energy Corporation (NYSE:ATO) by 27.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,400 shares of the utilities provider’s stock after buying an additional 3,700 shares during the quarter. Cbre Clarion Securities LLC’s holdings in Atmos Energy Corporation were worth $1,443,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ATO. BlackRock Inc. increased its position in Atmos Energy Corporation by 2,710.9% during the 1st quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock worth $740,992,000 after purchasing an additional 9,047,115 shares in the last quarter. Vanguard Group Inc. increased its position in Atmos Energy Corporation by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock worth $799,703,000 after purchasing an additional 712,731 shares in the last quarter. Magellan Asset Management Ltd increased its position in Atmos Energy Corporation by 61.0% during the 1st quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock worth $79,000,000 after purchasing an additional 377,996 shares in the last quarter. Marshall Wace North America L.P. increased its position in Atmos Energy Corporation by 575.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock worth $33,600,000 after purchasing an additional 344,875 shares in the last quarter. Finally, First Quadrant L P CA increased its position in Atmos Energy Corporation by 660.1% during the 2nd quarter. First Quadrant L P CA now owns 227,601 shares of the utilities provider’s stock worth $18,880,000 after purchasing an additional 197,656 shares in the last quarter. Hedge funds and other institutional investors own 71.05% of the company’s stock.
Atmos Energy Corporation (NYSE:ATO) traded down 0.78% during mid-day trading on Friday, reaching $83.89. The company had a trading volume of 302,025 shares. The firm has a market capitalization of $8.90 billion, a P/E ratio of 22.47 and a beta of 0.40. The stock’s 50-day moving average is $87.55 and its 200 day moving average is $83.37. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $89.00.
Atmos Energy Corporation (NYSE:ATO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.64 earnings per share. On average, analysts predict that Atmos Energy Corporation will post $3.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
In related news, Director Richard A. Sampson bought 1,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $88.12 per share, with a total value 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is owned by insiders.
ATO has been the subject of a number of recent research reports. J P Morgan Chase & Co reiterated an “overweight” rating and set a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. BidaskClub cut Atmos Energy Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. Zacks Investment Research upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, June 27th. Finally, Argus lifted their price objective on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $86.14.
Atmos Energy Corporation Company Profile
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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