Jennison Associates LLC reduced its position in shares of Atmos Energy Corporation (NYSE:ATO) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 982,687 shares of the utilities provider’s stock after selling 54,762 shares during the period. Jennison Associates LLC owned about 0.93% of Atmos Energy Corporation worth $82,388,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ATO. Proficio Capital Partners LLC lifted its position in shares of Atmos Energy Corporation by 38.1% during the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 314 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Atmos Energy Corporation by 0.3% during the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 4 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Atmos Energy Corporation by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 155 shares in the last quarter. Huntington National Bank lifted its position in shares of Atmos Energy Corporation by 50.0% during the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 500 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Atmos Energy Corporation during the first quarter worth $134,000. 69.55% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Richard A. Sampson purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average cost of $88.12 per share, with a total value of $132,180.00. Following the completion of the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $264,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.57% of the company’s stock.
A number of research firms have recently commented on ATO. BidaskClub raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reissued a “sell” rating and set a $76.00 target price on shares of Atmos Energy Corporation in a research report on Friday, July 21st. J P Morgan Chase & Co boosted their target price on shares of Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 target price (up from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Atmos Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $85.67.
Atmos Energy Corporation (NYSE ATO) traded down $0.63 on Monday, reaching $89.16. 459,600 shares of the company traded hands, compared to its average volume of 359,845. The firm has a market capitalization of $9,456.81, a PE ratio of 24.29, a PEG ratio of 3.59 and a beta of 0.38. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79. Atmos Energy Corporation has a 1 year low of $69.50 and a 1 year high of $90.39.
Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. During the same quarter last year, the firm earned $0.40 earnings per share. sell-side analysts predict that Atmos Energy Corporation will post 3.6 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Friday, November 24th. This is a boost from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 annualized dividend and a yield of 2.18%. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.
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Atmos Energy Corporation Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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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