Teacher Retirement System of Texas increased its position in shares of Atmos Energy Corp. (NYSE:ATO) by 31.1% during the second quarter, Holdings Channel reports. The firm owned 7,288 shares of the company’s stock after buying an additional 1,731 shares during the period. Teacher Retirement System of Texas’ holdings in Atmos Energy Corp. were worth $593,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of ATO. Legal & General Group Plc increased 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 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 period. 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 period. 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 period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Atmos Energy Corp. during the first quarter worth about $1,003,000. Institutional investors and hedge funds own 70.64% of the company’s stock.
Shares of Atmos Energy Corp. (NYSE:ATO) traded down 0.55% on Friday, reaching $74.47. The company had a trading volume of 635,522 shares. The company’s 50 day moving average price is $74.85 and its 200-day moving average price is $75.30. Atmos Energy Corp. has a 1-year low of $58.13 and a 1-year high of $81.97. The stock has a market capitalization of $7.73 billion, a P/E ratio of 22.61 and a beta of 0.33.
Atmos Energy Corp. (NYSE:ATO) last issued its earnings results on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. During the same period last year, the firm earned $0.54 EPS. Equities analysts predict that Atmos Energy Corp. will post $3.30 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, August 18th. Atmos Energy Corp.’s dividend payout ratio is currently 50.91%.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Atmos Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Citigroup Inc. increased their price target on 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. reduced their price target on 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, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $77.14.
In other news, Director Thomas C. Meredith sold 1,020 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $75.24, for a total transaction of $76,744.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Louis P. Gregory sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $78.10, for a total value of $312,400.00. Following the transaction, the senior vice president now owns 82,182 shares in the company, valued at $6,418,414.20. The disclosure for this sale can be found here. 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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