Forsta AP Fonden increased its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 658.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,700 shares of the utilities provider’s stock after buying an additional 77,000 shares during the period. Forsta AP Fonden owned approximately 0.08% of Atmos Energy Corporation worth $7,358,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in 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. Vanguard Group Inc. boosted its position in 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. American Century Companies Inc. boosted its position in 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. Magellan Asset Management Ltd boosted its position in Atmos Energy Corporation by 61.0% in the first quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock worth $79,000,000 after buying an additional 377,996 shares during the last quarter. Finally, Scout Investments Inc. boosted its position in Atmos Energy Corporation by 23.8% in the first quarter. Scout Investments Inc. now owns 1,561,103 shares of the utilities provider’s stock worth $115,928,000 after buying an additional 300,332 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 87.16 on Friday. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $88.69. The stock’s 50 day moving average is $85.16 and its 200 day moving average is $81.18. The company has a market cap of $9.24 billion, a PE ratio of 23.34 and a beta of 0.39.
Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same quarter in the previous year, the firm posted $0.64 EPS. Equities analysts predict that Atmos Energy Corporation will post $3.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. Atmos Energy Corporation’s payout ratio is 48.13%.
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A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays PLC set a $84.00 price objective on shares of Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday, August 6th. Finally, Zacks Investment Research cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Atmos Energy Corporation currently has a consensus rating of “Hold” and an average 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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