Renaissance Technologies LLC Has $11.77 Million Stake in Atmos Energy Corporation (ATO)

Renaissance Technologies LLC boosted its stake in Atmos Energy Corporation (NYSE:ATO) by 29.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,000 shares of the utilities provider’s stock after buying an additional 33,600 shares during the period. Renaissance Technologies LLC’s holdings in Atmos Energy Corporation were worth $11,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Atmos Energy Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock valued at $799,703,000 after buying an additional 712,731 shares in the last quarter. American Century Companies Inc. increased its position in shares of Atmos Energy Corporation by 18.4% in the first quarter. American Century Companies Inc. now owns 2,738,696 shares of the utilities provider’s stock valued at $216,330,000 after buying an additional 425,986 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Atmos Energy Corporation by 2.5% in the first quarter. Victory Capital Management Inc. now owns 1,624,538 shares of the utilities provider’s stock valued at $128,322,000 after buying an additional 39,468 shares in the last quarter. Scout Investments Inc. increased its position in shares of Atmos Energy Corporation by 23.8% in the first quarter. Scout Investments Inc. now owns 1,561,103 shares of the utilities provider’s stock valued at $115,928,000 after buying an additional 300,332 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Atmos Energy Corporation by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 1,353,213 shares of the utilities provider’s stock valued at $106,891,000 after buying an additional 76,037 shares in the last quarter. Hedge funds and other institutional investors own 71.83% of the company’s stock.

Atmos Energy Corporation (ATO) opened at 84.00 on Tuesday. The stock has a 50 day moving average of $83.16 and a 200 day moving average of $78.84. The company has a market cap of $8.84 billion, a P/E ratio of 22.35 and a beta of 0.38. Atmos Energy Corporation has a 52 week low of $68.51 and a 52 week high of $85.61.

Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, analysts expect that Atmos Energy Corporation will post $3.60 earnings per share for the current year.

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ATO has been the topic of several analyst reports. BidaskClub downgraded shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $89.00 target price (up previously from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Argus upped their target price on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Barclays PLC set a $75.00 target price on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Saturday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $84.71.

Atmos Energy Corporation Company Profile

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

Institutional Ownership by Quarter for Atmos Energy Corporation (NYSE:ATO)

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