North Point Portfolio Managers Corp OH lowered its position in Atmos Energy Corp. (NYSE:ATO) by 26.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,520 shares of the company’s stock after selling 1,235 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Atmos Energy Corp. were worth $286,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Legal & General Group Plc raised its position 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 in the last quarter. Renaissance Technologies LLC increased its stake in shares of 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 during the last quarter. Bessemer Group Inc. increased its stake in shares of 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 last quarter. Prudential Financial Inc. increased its stake in shares of 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 during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Atmos Energy Corp. during the first quarter worth about $1,003,000. Hedge funds and other institutional investors own 70.64% of the company’s stock.
Shares of Atmos Energy Corp. (NYSE:ATO) traded down 0.99% during midday trading on Tuesday, reaching $75.91. 330,773 shares of the company were exchanged. The company has a 50 day moving average price of $75.05 and a 200-day moving average price of $75.27. Atmos Energy Corp. has a 12-month low of $57.11 and a 12-month high of $81.97. The stock has a market capitalization of $7.88 billion, a P/E ratio of 23.05 and a beta of 0.33.
Atmos Energy Corp. (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. During the same period in the prior year, the company earned $0.54 EPS. On average, analysts forecast that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. Atmos Energy Corp.’s dividend payout ratio is currently 50.91%.
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target 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. Citigroup Inc. increased their price target 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, Zacks Investment Research raised shares of Atmos Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.14.
In other Atmos Energy Corp. news, Director Thomas C. Meredith sold 1,020 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $75.24, for a total transaction of $76,744.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Louis P. Gregory sold 4,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $78.10, for a total value of $312,400.00. Following the sale, the senior vice president now owns 82,182 shares of the company’s stock, valued at $6,418,414.20. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
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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