Natixis raised its stake in shares of Atmos Energy Co. (NYSE:ATO) by 577.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 176,027 shares of the utilities provider’s stock after buying an additional 150,051 shares during the quarter. Natixis’ holdings in Atmos Energy were worth $15,867,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATO. IBM Retirement Fund purchased a new position in Atmos Energy during the 1st quarter valued at about $202,000. Eagle Global Advisors LLC purchased a new position in Atmos Energy during the 2nd quarter valued at about $207,000. Wedbush Securities Inc. purchased a new position in Atmos Energy during the 2nd quarter valued at about $210,000. Envestnet Asset Management Inc. grew its holdings in Atmos Energy by 82.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,927 shares of the utilities provider’s stock valued at $247,000 after buying an additional 1,324 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in Atmos Energy during the 2nd quarter valued at about $263,000. 74.60% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on ATO shares. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Seaport Global Securities reaffirmed a “buy” rating and set a $98.00 target price on shares of Atmos Energy in a report on Thursday, August 16th. Barclays lifted their target price on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday, July 11th. Morgan Stanley reduced their target price on Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Finally, Citigroup lifted their target price on Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, June 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Atmos Energy presently has a consensus rating of “Hold” and an average target price of $93.14.

In related news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction that occurred on 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 this hyperlink. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the sale, the insider now owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by insiders.

Shares of NYSE ATO opened at $93.74 on Wednesday. Atmos Energy Co. has a 12 month low of $76.46 and a 12 month high of $94.85. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.41 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 3.64 and a beta of 0.11.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ 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 last year, the firm earned $0.67 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Atmos Energy Co. will post 3.96 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 27th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, August 24th. Atmos Energy’s payout ratio is 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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