Metropolitan Life Insurance Co. NY increased its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 916.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,971 shares of the utilities provider’s stock after purchasing an additional 28,827 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Atmos Energy were worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ATO. Wells Fargo & Company MN boosted its position in Atmos Energy by 16.9% in the 1st quarter. Wells Fargo & Company MN now owns 424,560 shares of the utilities provider’s stock valued at $35,765,000 after buying an additional 61,531 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Atmos Energy by 8.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 44,742 shares of the utilities provider’s stock valued at $3,768,000 after buying an additional 3,305 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Atmos Energy by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 394,393 shares of the utilities provider’s stock valued at $33,224,000 after buying an additional 22,615 shares during the last quarter. Aperio Group LLC boosted its position in Atmos Energy by 0.8% in the 1st quarter. Aperio Group LLC now owns 71,767 shares of the utilities provider’s stock valued at $6,046,000 after buying an additional 572 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Atmos Energy by 245.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 83,678 shares of the utilities provider’s stock valued at $7,049,000 after buying an additional 59,483 shares during the last quarter. 74.60% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, June 12th. Seaport Global Securities restated a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a research note on Thursday, August 16th. Citigroup upped their target price on shares of Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, June 12th. Barclays upped their target price on shares of Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Finally, Morgan Stanley upped their target price on shares of Atmos Energy from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Atmos Energy presently has an average rating of “Hold” and an average target price of $93.14.

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

Shares of Atmos Energy stock opened at $94.12 on Monday. The stock has a market capitalization of $10.41 billion, a PE ratio of 26.14, a P/E/G ratio of 3.64 and a beta of 0.10. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.55. Atmos Energy Co. has a 1 year low of $76.46 and a 1 year high of $94.85.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 27th were paid a $0.485 dividend. The ex-dividend date was Friday, August 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.06%. Atmos Energy’s dividend payout ratio (DPR) is presently 53.89%.

About Atmos Energy

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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