Daiwa Securities Group Inc. raised its position in shares of Atmos Energy Corp. (NYSE:ATO) by 687.0% during the second quarter, Holdings Channel reports. The fund owned 18,100 shares of the company’s stock after buying an additional 15,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Atmos Energy Corp. were worth $1,472,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ATO. Bessemer Group Inc. raised its position 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. JPMorgan Chase & Co. raised its position in Atmos Energy Corp. by 27.2% in the first quarter. JPMorgan Chase & Co. now owns 228,700 shares of the company’s stock worth $16,982,000 after buying an additional 48,891 shares during the period. Tobam bought a new position in Atmos Energy Corp. during the first quarter worth approximately $9,807,000. BlackRock Japan Co. Ltd bought a new position in Atmos Energy Corp. during the first quarter worth approximately $9,458,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in Atmos Energy Corp. by 3.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,990,995 shares of the company’s stock worth $222,111,000 after buying an additional 95,623 shares during the period. 70.64% of the stock is owned by institutional investors.
Shares of Atmos Energy Corp. (NYSE:ATO) traded down 1.30% during trading on Friday, hitting $76.64. The stock had a trading volume of 475,676 shares. The firm’s 50 day moving average is $75.14 and its 200 day moving average is $75.13. Atmos Energy Corp. has a 1-year low of $56.82 and a 1-year high of $81.97. The company has a market cap of $7.96 billion, a PE ratio of 23.27 and a beta of 0.33.
Atmos Energy Corp. (NYSE:ATO) last announced its earnings results on Wednesday, August 3rd. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. During the same period in the previous year, the company posted $0.54 earnings per share. Equities research analysts anticipate that Atmos Energy Corp. will post $3.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a $0.42 dividend. The ex-dividend date was Thursday, August 18th. This represents a $1.68 annualized dividend and a yield of 2.19%. Atmos Energy Corp.’s payout ratio is 50.91%.
A number of research firms have commented on ATO. Zacks Investment Research upgraded Atmos Energy Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Citigroup Inc. raised their price objective on Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $77.14.
In related news, SVP Louis P. Gregory sold 4,000 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas C. Meredith sold 1,020 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $75.24, for a total value of $76,744.80. The disclosure for this sale can be found here. 1.49% of the stock is owned by corporate insiders.
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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