Atmos Energy Corporation (NYSE:ATO) Shares Bought by IFP Advisors Inc

IFP Advisors Inc boosted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,408 shares of the utilities provider’s stock after buying an additional 422 shares during the period. IFP Advisors Inc’s holdings in Atmos Energy Corporation were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised 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 worth $799,703,000 after buying an additional 712,731 shares during the last quarter. BlackRock Inc. raised its position in shares of Atmos Energy Corporation by 2,710.9% in the first quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock worth $740,992,000 after buying an additional 9,047,115 shares during the last quarter. State Street Corp raised its position in shares of Atmos Energy Corporation by 2.6% in the first quarter. State Street Corp now owns 6,764,362 shares of the utilities provider’s stock worth $534,320,000 after buying an additional 168,800 shares during the last quarter. American Century Companies Inc. raised 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 worth $216,330,000 after buying an additional 425,986 shares during the last quarter. Finally, Victory Capital Management Inc. raised 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 worth $128,322,000 after buying an additional 39,468 shares during the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.

Atmos Energy Corporation (NYSE:ATO) opened at 87.43 on Thursday. The company has a 50 day moving average of $84.95 and a 200-day moving average of $81.04. The company has a market cap of $9.30 billion, a P/E ratio of 23.46 and a beta of 0.39. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $88.69.

Atmos Energy Corporation (NYSE:ATO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm earned $0.64 EPS. On average, equities analysts expect that Atmos Energy Corporation will post $3.60 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.80 annualized dividend and a yield of 2.06%. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.

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ATO has been the subject of a number of research analyst reports. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday. BidaskClub lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. Finally, Argus raised their price objective on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.83.

About Atmos Energy Corporation

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

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