NEXT Financial Group Inc raised its holdings in Atmos Energy Co. (NYSE:ATO) by 83.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,049 shares of the utilities provider’s stock after acquiring an additional 933 shares during the quarter. NEXT Financial Group Inc’s holdings in Atmos Energy were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Full Sail Capital LLC bought a new position in Atmos Energy in the 1st quarter valued at $546,000. Norges Bank purchased a new stake in shares of Atmos Energy in the 4th quarter worth $58,814,000. Cornerstone Advisors Inc. lifted its holdings 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 worth $29,000 after buying an additional 146 shares during the period. Rockland Trust Co. purchased a new stake in shares of Atmos Energy in the 1st quarter worth $200,000. Finally, Tortoise Index Solutions LLC lifted its holdings in shares of Atmos Energy by 0.4% in the 1st quarter. Tortoise Index Solutions LLC now owns 129,579 shares of the utilities provider’s stock worth $13,338,000 after buying an additional 519 shares during the period. 82.24% of the stock is currently owned by institutional investors.
Shares of ATO stock traded down $1.21 during mid-day trading on Monday, hitting $108.42. The stock had a trading volume of 5,746 shares, compared to its average volume of 593,437. Atmos Energy Co. has a 12-month low of $87.88 and a 12-month high of $110.93. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 3.81 and a beta of 0.22. The stock has a 50-day moving average of $106.85. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.14. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $1.57 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Sell-side analysts predict that Atmos Energy Co. will post 4.32 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. Wells Fargo & Co assumed coverage on Atmos Energy in a report on Monday, July 15th. They issued an “outperform” rating and a $119.00 target price for the company. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Atmos Energy has a consensus rating of “Buy” and an average price target of $104.00.
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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