Cigna Investments Inc. New Has $1.28 Million Position in Atmos Energy Corporation (NYSE:ATO)

Cigna Investments Inc. New boosted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 266.8% during the second quarter, Holdings Channel reports. The fund owned 15,454 shares of the utilities provider’s stock after buying an additional 11,241 shares during the period. Cigna Investments Inc. New’s holdings in Atmos Energy Corporation were worth $1,282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Teachers Advisors LLC raised its position in Atmos Energy Corporation by 17.7% in the fourth quarter. Teachers Advisors LLC now owns 117,689 shares of the utilities provider’s stock worth $8,727,000 after buying an additional 17,734 shares during the last quarter. Raymond James Trust N.A. raised its position in Atmos Energy Corporation by 32.6% in the first quarter. Raymond James Trust N.A. now owns 3,753 shares of the utilities provider’s stock worth $296,000 after buying an additional 923 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Atmos Energy Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,010 shares of the utilities provider’s stock worth $2,449,000 after buying an additional 200 shares during the last quarter. Bank of Montreal Can raised its position in Atmos Energy Corporation by 4.2% in the first quarter. Bank of Montreal Can now owns 60,292 shares of the utilities provider’s stock worth $4,763,000 after buying an additional 2,436 shares during the last quarter. Finally, North American Management Corp raised its stake in shares of Atmos Energy Corporation by 1.3% in the first quarter. North American Management Corp now owns 16,190 shares of the utilities provider’s stock worth $1,279,000 after buying an additional 210 shares in the last quarter. 72.10% of the stock is owned by hedge funds and other institutional investors.

Shares of Atmos Energy Corporation (ATO) opened at 87.43 on Thursday. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $88.69. The company’s 50-day moving average is $84.95 and its 200 day moving average is $81.04. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 23.46 and a beta of 0.39.

Atmos Energy Corporation (NYSE:ATO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to the consensus estimate of $596.52 million. During the same period last year, the business posted $0.64 EPS. On average, analysts expect that Atmos Energy Corporation will post $3.61 EPS for the current fiscal year.

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

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A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Barclays PLC set a $84.00 price target on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Sunday. BidaskClub lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $89.00 price target (up from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. Finally, Argus upped their price target on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Atmos Energy Corporation currently has a consensus rating of “Hold” and a consensus price target 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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