LS Investment Advisors LLC raised its position in shares of Atmos Energy Corp. (NYSE:ATO) by 38.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,543 shares of the company’s stock after buying an additional 3,231 shares during the period. LS Investment Advisors LLC’s holdings in Atmos Energy Corp. were worth $939,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Atmos Energy Corp. during the first quarter worth $343,000. Credit Agricole S A increased its position in Atmos Energy Corp. by 135.3% in the first quarter. Credit Agricole S A now owns 22,877 shares of the company’s stock worth $1,699,000 after buying an additional 13,154 shares in the last quarter. NWQ Investment Management Company LLC acquired a new position in Atmos Energy Corp. during the first quarter worth $12,619,000. M&T Bank Corp increased its position in Atmos Energy Corp. by 9.8% in the first quarter. M&T Bank Corp now owns 15,510 shares of the company’s stock worth $1,152,000 after buying an additional 1,378 shares in the last quarter. Finally, Bessemer Group Inc. increased 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 in the last quarter. Institutional investors and hedge funds own 70.63% of the company’s stock.
Atmos Energy Corp. (NYSE:ATO) traded down 2.46% on Tuesday, hitting $68.96. 592,658 shares of the stock traded hands. The firm’s 50 day moving average is $74.09 and its 200 day moving average is $75.31. Atmos Energy Corp. has a 52 week low of $58.75 and a 52 week high of $81.97. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 20.94 and a beta of 0.30.
Atmos Energy Corp. (NYSE:ATO) last announced 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 last year, the firm posted $0.54 EPS. Equities analysts anticipate that Atmos Energy Corp. will post $3.30 earnings per share for the current year.
A number of research analysts have recently weighed in on the stock. 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. lifted their target price on shares of Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $76.43.
In other Atmos Energy Corp. news, SVP Louis P. Gregory sold 4,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.10, for a total value of $312,400.00. Following the completion of the sale, the senior vice president now owns 82,182 shares in the company, valued at $6,418,414.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas C. Meredith sold 1,020 shares of the stock in a transaction on Friday, August 19th. The shares were sold at an average price of $75.24, for a total transaction of $76,744.80. The disclosure for this sale can be found here. Corporate 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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