US Bancorp DE trimmed its stake in shares of Atmos Energy Co. (NYSE:ATO) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,993 shares of the utilities provider’s stock after selling 1,123 shares during the quarter. US Bancorp DE’s holdings in Atmos Energy were worth $1,712,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Atmos Energy by 3.3% during the 1st quarter. BlackRock Inc. now owns 10,316,520 shares of the utilities provider’s stock valued at $869,064,000 after purchasing an additional 327,954 shares during the period. Magellan Asset Management Ltd increased its stake in Atmos Energy by 23.0% in the 1st quarter. Magellan Asset Management Ltd now owns 1,706,724 shares of the utilities provider’s stock worth $143,774,000 after acquiring an additional 319,415 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Atmos Energy by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after acquiring an additional 27,722 shares during the last quarter. Sfmg LLC increased its stake in Atmos Energy by 1.7% in the 2nd quarter. Sfmg LLC now owns 1,091,854 shares of the utilities provider’s stock worth $98,420,000 after acquiring an additional 17,959 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Atmos Energy by 0.8% in the 1st quarter. Northern Trust Corp now owns 934,429 shares of the utilities provider’s stock worth $78,716,000 after acquiring an additional 7,088 shares during the last quarter. Institutional investors own 74.65% of the company’s stock.
In other news, Director Nancy K. Quinn sold 2,000 shares of the company’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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard W. Douglas sold 35,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 6,292 shares of the company’s stock, valued at $585,407.68. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.
Shares of NYSE ATO opened at $93.60 on Thursday. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 3.58 and a beta of 0.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.31. Atmos Energy Co. has a twelve month low of $76.46 and a twelve month high of $94.85.
Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $562.25 million during the quarter, compared to analyst estimates of $622.30 million. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. research analysts forecast that Atmos Energy Co. will post 3.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 27th will be issued a $0.485 dividend. 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 payout ratio is currently 53.89%.
A number of brokerages have weighed in on ATO. 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. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Morgan Stanley upped their target price on Atmos Energy from $91.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, July 16th. Barclays upped their target price on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 11th. Finally, Citigroup upped their target price on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 12th. One research 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 an average rating of “Hold” and an average target price of $92.71.
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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