First Dallas Securities Inc. cut its position in shares of Atmos Energy Corp. (NYSE:ATO) by 13.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,967 shares of the company’s stock after selling 8,260 shares during the period. Atmos Energy Corp. makes up 3.5% of First Dallas Securities Inc.’s holdings, making the stock its 3rd largest position. First Dallas Securities Inc.’s holdings in Atmos Energy Corp. were worth $4,470,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Atmos Energy Corp. by 3.1% in the first quarter. Legal & General Group Plc now owns 362,484 shares of the company’s stock worth $26,917,000 after buying an additional 10,995 shares during the period. Renaissance Technologies LLC raised its stake in Atmos Energy Corp. by 3.4% in the first quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $28,672,000 after buying an additional 12,700 shares in the last quarter. Bessemer Group Inc. raised its stake in Atmos Energy Corp. by 174.2% in the first quarter. Bessemer Group Inc. now owns 1,522 shares of the company’s stock worth $113,000 after buying an additional 967 shares in the last quarter. Prudential Financial Inc. raised its stake in Atmos Energy Corp. by 42.9% in the first quarter. Prudential Financial Inc. now owns 161,749 shares of the company’s stock worth $12,012,000 after buying an additional 48,550 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Atmos Energy Corp. during the first quarter worth approximately $1,003,000. 70.64% of the stock is owned by institutional investors.
Shares of Atmos Energy Corp. (NYSE:ATO) traded up 0.04% on Monday, reaching $76.67. 276,091 shares of the company’s stock traded hands. The firm has a market cap of $7.96 billion, a P/E ratio of 23.28 and a beta of 0.33. The stock has a 50-day moving average of $75.14 and a 200 day moving average of $75.13. Atmos Energy Corp. has a 12-month low of $56.82 and a 12-month high of $81.97.
Atmos Energy Corp. (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, equities research analysts expect that Atmos Energy Corp. will post $3.30 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 18th. Atmos Energy Corp.’s payout ratio is currently 50.91%.
A number of equities research analysts recently commented on ATO shares. Zacks Investment Research upgraded shares of Atmos Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Citigroup Inc. upped their price target on shares of Atmos Energy Corp. from $58.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.14.
In related news, Director Thomas C. Meredith sold 1,020 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $75.24, for a total value of $76,744.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Louis P. Gregory sold 4,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.10, for a total transaction of $312,400.00. Following the completion of the transaction, the senior vice president now directly owns 82,182 shares of the company’s stock, valued at $6,418,414.20. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
Atmos Energy Corp. Company Profile
Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.
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