Oppenheimer Asset Management Inc. raised its holdings in Atmos Energy Corporation (NYSE:ATO) by 72.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,922 shares of the utilities provider’s stock after purchasing an additional 1,224 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Atmos Energy Corporation were worth $242,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of ATO. BlackRock Inc. grew its holdings in Atmos Energy Corporation by 2,710.9% in the first quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock valued at $740,992,000 after purchasing an additional 9,047,115 shares during the period. Vanguard Group Inc. grew its holdings in Atmos Energy Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock valued at $799,703,000 after purchasing an additional 712,731 shares during the period. Magellan Asset Management Ltd lifted its position in shares of Atmos Energy Corporation by 61.0% in the first quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock valued at $79,000,000 after acquiring an additional 377,996 shares in the last quarter. Marshall Wace North America L.P. lifted its position in shares of Atmos Energy Corporation by 575.3% in the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after acquiring an additional 344,875 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Atmos Energy Corporation by 42.6% in the first quarter. Prudential Financial Inc. now owns 743,568 shares of the utilities provider’s stock valued at $58,735,000 after acquiring an additional 221,979 shares in the last quarter. 71.05% of the stock is currently owned by institutional investors.
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In other news, Director Richard A. Sampson purchased 1,500 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $264,360. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.57% of the company’s stock.
Atmos Energy Corporation (ATO) opened at 85.93 on Wednesday. The stock has a 50 day moving average price of $87.55 and a 200 day moving average price of $83.37. The stock has a market cap of $9.11 billion, a P/E ratio of 23.01 and a beta of 0.40. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $89.00.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities research analysts forecast that Atmos Energy Corporation will post $3.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC restated a “sell” rating and issued a $76.00 target price on shares of Atmos Energy Corporation in a research 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 target price on the stock in a research report on Tuesday, June 13th. Finally, Argus raised their target price on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $86.14.
Atmos Energy Corporation 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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