RS Investment Management Co. LLC decreased its position in Atmos Energy Corp. (NYSE:ATO) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 195,824 shares of the company’s stock after selling 13,962 shares during the period. RS Investment Management Co. LLC’s holdings in Atmos Energy Corp. were worth $15,924,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATO. Bessemer Group Inc. boosted its position 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 during the period. Nordea Investment Management AB boosted its position in Atmos Energy Corp. by 7.4% in the second quarter. Nordea Investment Management AB now owns 2,147 shares of the company’s stock worth $175,000 after buying an additional 147 shares during the period. CIBC World Markets Inc. purchased a new position in Atmos Energy Corp. during the second quarter worth approximately $202,000. Rockland Trust Co. purchased a new position in Atmos Energy Corp. during the second quarter worth approximately $213,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Atmos Energy Corp. during the first quarter worth approximately $224,000. Institutional investors own 70.64% of the company’s stock.
Atmos Energy Corp. (NYSE:ATO) traded down 1.30% during trading on Friday, reaching $76.64. The company had a trading volume of 475,676 shares. Atmos Energy Corp. has a 52-week low of $56.82 and a 52-week high of $81.97. The stock has a 50 day moving average price of $75.14 and a 200-day moving average price of $75.13. The company has a market capitalization of $7.96 billion, a PE ratio of 23.27 and a beta of 0.33.
Atmos Energy Corp. (NYSE:ATO) last released its earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. During the same quarter in the previous year, the firm earned $0.54 earnings per share. On average, equities research analysts anticipate that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a $0.42 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.68 annualized dividend and a yield of 2.19%. Atmos Energy Corp.’s payout ratio is currently 50.91%.
A number of research firms have commented on ATO. JPMorgan Chase & Co. decreased their price target on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. Citigroup Inc. upped their price target on Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research cut Atmos Energy Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $77.14.
In other Atmos Energy Corp. news, Director Thomas C. Meredith sold 1,020 shares of Atmos Energy Corp. stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Louis P. Gregory sold 4,000 shares of Atmos Energy Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $78.10, for a total transaction of $312,400.00. Following the completion of the sale, 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. 1.49% of the stock is currently owned by company insiders.
About Atmos Energy Corp.
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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