Hourglass Capital LLC reduced its position in shares of Atmos Energy Corporation (NYSE:ATO) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,390 shares of the utilities provider’s stock after selling 260 shares during the period. Hourglass Capital LLC’s holdings in Atmos Energy Corporation were worth $281,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in Atmos Energy Corporation by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after buying an additional 314 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after buying an additional 4 shares during the period. Strs Ohio raised its position in shares of Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares during the period. Huntington National Bank raised its position in shares of Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after buying an additional 500 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Atmos Energy Corporation during the first quarter worth $134,000. 71.04% of the stock is owned by institutional investors.
Atmos Energy Corporation (NYSE ATO) traded down 0.39% during trading on Friday, reaching $87.12. The company’s stock had a trading volume of 293,478 shares. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 23.33 and a beta of 0.39. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $88.69. The stock’s 50 day moving average is $85.77 and its 200 day moving average is $81.62.
Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter in the prior year, the company earned $0.64 EPS. On average, equities analysts expect that Atmos Energy Corporation will post $3.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.
A number of equities analysts have recently weighed in on ATO shares. J P Morgan Chase & Co reiterated an “overweight” rating and set 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 lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Argus increased their target price on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Barclays PLC reiterated a “sell” rating and set a $76.00 target price on shares of Atmos Energy Corporation in a research note on Friday, July 21st. Finally, BidaskClub upgraded Atmos Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Atmos Energy Corporation has a consensus rating of “Buy” and a consensus price target of $86.83.
In related news, Director Richard A. Sampson bought 1,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $264,360. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.57% of the company’s stock.
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.
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