BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of Atmos Energy Co. (NYSE:ATO) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,361 shares of the utilities provider’s stock after selling 6,521 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Atmos Energy were worth $3,007,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ATO. Wells Fargo & Company MN boosted its position in Atmos Energy by 16.9% during the first quarter. Wells Fargo & Company MN now owns 424,560 shares of the utilities provider’s stock worth $35,765,000 after purchasing an additional 61,531 shares during the period. Alps Advisors Inc. bought a new position in Atmos Energy during the first quarter worth $500,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Atmos Energy by 0.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 310,163 shares of the utilities provider’s stock worth $26,128,000 after purchasing an additional 938 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Atmos Energy by 2.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 75,124 shares of the utilities provider’s stock worth $6,338,000 after purchasing an additional 1,975 shares during the period. Finally, Stephens Inc. AR boosted its position in Atmos Energy by 26.9% during the first quarter. Stephens Inc. AR now owns 16,555 shares of the utilities provider’s stock worth $1,395,000 after purchasing an additional 3,509 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.

A number of research firms have commented on ATO. Seaport Global Securities reaffirmed a “buy” rating and set a $98.00 price objective on shares of Atmos Energy in a research report on Thursday, August 16th. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Morgan Stanley lifted their target price on Atmos Energy from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Barclays lifted their target price on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a report on Wednesday, July 11th. Finally, Citigroup lifted their target price on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $92.71.

In related news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the transaction, the insider now directly owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

ATO opened at $93.62 on Friday. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $94.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market cap of $10.46 billion, a PE ratio of 23.81, a PEG ratio of 3.66 and a beta of 0.10.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.04). The firm had revenue of $562.25 million during the quarter, compared to the consensus estimate of $622.30 million. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. sell-side analysts predict that Atmos Energy Co. will post 3.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 27th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, August 24th. Atmos Energy’s dividend payout ratio is currently 53.89%.

Atmos Energy Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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

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