Bank of New York Mellon Corp increased its position in Atmos Energy Co. (NYSE:ATO) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,386,857 shares of the utilities provider’s stock after purchasing an additional 27,722 shares during the period. Bank of New York Mellon Corp owned 1.25% of Atmos Energy worth $125,011,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Magellan Asset Management Ltd grew its stake in Atmos Energy by 12.4% in the second quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after purchasing an additional 211,446 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Atmos Energy by 7.7% in the second quarter. State of Wisconsin Investment Board now owns 187,246 shares of the utilities provider’s stock valued at $16,878,000 after acquiring an additional 13,356 shares during the period. Riverhead Capital Management LLC boosted its stake in Atmos Energy by 59.8% in the second quarter. Riverhead Capital Management LLC now owns 14,490 shares of the utilities provider’s stock valued at $1,306,000 after acquiring an additional 5,420 shares during the period. Paloma Partners Management Co acquired a new position in Atmos Energy in the second quarter valued at approximately $491,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in Atmos Energy by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 43,108 shares of the utilities provider’s stock valued at $3,886,000 after acquiring an additional 1,248 shares during the period. Institutional investors and hedge funds own 74.64% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley lifted their target price on Atmos Energy from $91.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Barclays lifted their target price on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Seaport Global Securities restated a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a research note on Thursday, August 16th. Finally, Bank of America lifted their target price on Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Atmos Energy has a consensus rating of “Buy” and an average target price of $94.38.
Shares of ATO stock opened at $95.46 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22. Atmos Energy Co. has a 52 week low of $76.46 and a 52 week high of $98.40. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 3.32 and a beta of 0.10.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.04). The firm had revenue of $562.25 million during the quarter, compared to the consensus estimate of $622.30 million. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 earnings per share. On average, analysts predict that Atmos Energy Co. will post 3.96 earnings per share for the current fiscal year.
In other news, Director Nancy K. Quinn sold 2,000 shares of Atmos Energy stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of Atmos Energy stock in a transaction that occurred on 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 in the company, valued at approximately $585,407.68. The disclosure for this sale can be found here. Insiders own 1.41% of the company’s stock.
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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 regulated natural gas distribution, and related sales and storage operations.
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