Caisse DE Depot ET Placement DU Quebec reduced its holdings in Atmos Energy Co. (NYSE:ATO) by 39.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,384 shares of the utilities provider’s stock after selling 18,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Atmos Energy were worth $2,468,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in Atmos Energy by 6.4% during the second quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock valued at $989,565,000 after buying an additional 661,567 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in Atmos Energy during the first quarter valued at $42,383,000. SPF Beheer BV raised its stake in Atmos Energy by 101.5% during the first quarter. SPF Beheer BV now owns 872,340 shares of the utilities provider’s stock valued at $73,486,000 after buying an additional 439,485 shares during the last quarter. Magellan Asset Management Ltd raised its stake in Atmos Energy by 23.0% during the first quarter. Magellan Asset Management Ltd now owns 1,706,724 shares of the utilities provider’s stock valued at $143,774,000 after buying an additional 319,415 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in Atmos Energy by 64.4% during the first quarter. Brookfield Asset Management Inc. now owns 744,900 shares of the utilities provider’s stock valued at $62,750,000 after buying an additional 291,800 shares during the last quarter. Hedge funds and other institutional investors own 74.57% of the company’s stock.
In other Atmos Energy news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total transaction of $186,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the sale, the insider now directly owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by corporate insiders.
Atmos Energy stock traded up $1.80 during mid-day trading on Friday, reaching $94.64. 598,645 shares of the stock traded hands, compared to its average volume of 494,921. The stock has a market cap of $10.44 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.66 and a beta of 0.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.31. Atmos Energy Co. has a 12-month low of $76.46 and a 12-month high of $95.21.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The company had revenue of $562.25 million during the quarter, compared to the consensus estimate of $622.30 million. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. As a group, sell-side analysts predict that Atmos Energy Co. will post 3.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 27th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 53.89%.
ATO has been the subject of a number of recent research reports. Seaport Global Securities reiterated a “buy” rating and set a $98.00 price objective on shares of Atmos Energy in a research note on Thursday, August 16th. Morgan Stanley lowered their price objective on Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 13th. Citigroup lifted their price objective on Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, June 12th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, June 12th. Finally, ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Atmos Energy has a consensus rating of “Buy” and an average price target of $93.43.
Atmos Energy Company Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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