Cramer Rosenthal Mcglynn LLC Lowers Stock Holdings in Atmos Energy Co. (NYSE:ATO)

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Cramer Rosenthal Mcglynn LLC lessened its stake in Atmos Energy Co. (NYSE:ATO) by 31.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 330,946 shares of the utilities provider’s stock after selling 153,238 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.28% of Atmos Energy worth $34,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Novare Capital Management LLC boosted its stake in shares of Atmos Energy by 1.1% in the 1st quarter. Novare Capital Management LLC now owns 9,205 shares of the utilities provider’s stock valued at $947,000 after buying an additional 100 shares during the period. 6 Meridian boosted its stake in shares of Atmos Energy by 2.1% in the 2nd quarter. 6 Meridian now owns 5,123 shares of the utilities provider’s stock valued at $541,000 after buying an additional 107 shares during the period. Magnus Financial Group LLC boosted its stake in shares of Atmos Energy by 2.5% in the 1st quarter. Magnus Financial Group LLC now owns 4,514 shares of the utilities provider’s stock valued at $465,000 after buying an additional 111 shares during the period. Commonwealth Bank of Australia boosted its stake in shares of Atmos Energy by 68.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 278 shares of the utilities provider’s stock valued at $28,000 after buying an additional 113 shares during the period. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after buying an additional 146 shares during the period. Institutional investors and hedge funds own 83.79% of the company’s stock.

Several equities research analysts have recently weighed in on ATO shares. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, July 24th. ValuEngine lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Co reissued a “buy” rating on shares of Atmos Energy in a research report on Monday, September 2nd. Finally, Morgan Stanley cut their target price on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Atmos Energy currently has an average rating of “Hold” and an average target price of $105.50.

ATO traded up $0.25 during trading on Friday, hitting $109.69. 41,421 shares of the stock were exchanged, compared to its average volume of 702,778. The firm has a market capitalization of $12.86 billion, a P/E ratio of 27.42, a PEG ratio of 3.76 and a beta of 0.21. Atmos Energy Co. has a 1-year low of $87.88 and a 1-year high of $111.90. The stock has a fifty day moving average price of $109.22 and a two-hundred day moving average price of $104.39. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 0.63.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The company had revenue of $485.74 million for the quarter, compared to analyst estimates of $681.16 million. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm’s revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. Analysts predict that Atmos Energy Co. will post 4.34 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, August 23rd. Atmos Energy’s dividend payout ratio (DPR) is 52.50%.

Atmos Energy 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 the regulated natural gas distribution and related sales operations in eight states.

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

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