Municipal Employees Retirement System of Michigan Reduces Stake in Atmos Energy Corporation (ATO)

Municipal Employees Retirement System of Michigan lessened its position in Atmos Energy Corporation (NYSE:ATO) by 21.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,080 shares of the utilities provider’s stock after selling 8,560 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Atmos Energy Corporation were worth $2,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace North America L.P. raised its position in shares of Atmos Energy Corporation by 575.3% during the second 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 during the period. BlackRock Inc. raised its position in shares of Atmos Energy Corporation by 2.7% during the second quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock worth $799,314,000 after purchasing an additional 255,277 shares during the period. Cramer Rosenthal Mcglynn LLC raised its position in shares of Atmos Energy Corporation by 22.3% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock worth $93,578,000 after purchasing an additional 205,735 shares during the period. First Quadrant L P CA raised its position in shares of Atmos Energy Corporation by 660.1% during the second 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 during the period. Finally, Vanguard Group Inc. raised its position in shares of Atmos Energy Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock worth $852,294,000 after purchasing an additional 150,691 shares during the period. 69.55% of the stock is currently owned by institutional investors.

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Shares of Atmos Energy Corporation (NYSE ATO) traded up $0.38 during trading hours on Tuesday, reaching $89.54. The company had a trading volume of 487,600 shares, compared to its average volume of 360,429. Atmos Energy Corporation has a 1 year low of $69.50 and a 1 year high of $90.39. The company has a market cap of $9,550.00, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53.

Atmos Energy Corporation (NYSE:ATO) last issued its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. During the same period last year, the firm earned $0.40 earnings per share. research analysts predict that Atmos Energy Corporation will post 3.6 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a yield of 2.17%. Atmos Energy Corporation’s dividend payout ratio is 49.86%.

A number of equities research analysts have recently issued reports on the company. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reissued a “sell” rating and set a $76.00 price target on shares of Atmos Energy Corporation in a research report on Friday, July 21st. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Argus upped their price target on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co upped their price target on Atmos Energy Corporation from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Atmos Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $85.67.

About Atmos Energy Corporation

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

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