Public Employees Retirement Association of Colorado lowered its stake in shares of Atmos Energy Co. (NYSE:ATO) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,469 shares of the utilities provider’s stock after selling 6,523 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.15% of Atmos Energy worth $17,995,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ATO. Ronna Sue Cohen increased its position in Atmos Energy by 10,247.3% during the first quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock worth $752,000 after acquiring an additional 745,079 shares during the period. Janus Henderson Group PLC increased its position in Atmos Energy by 94.1% during the first quarter. Janus Henderson Group PLC now owns 859,816 shares of the utilities provider’s stock worth $88,501,000 after acquiring an additional 416,842 shares during the period. Maple Brown Abbott Ltd increased its position in Atmos Energy by 89.7% during the first quarter. Maple Brown Abbott Ltd now owns 873,464 shares of the utilities provider’s stock worth $89,390,000 after acquiring an additional 413,040 shares during the period. First Trust Advisors LP increased its position in Atmos Energy by 97.7% during the first quarter. First Trust Advisors LP now owns 466,003 shares of the utilities provider’s stock worth $47,966,000 after acquiring an additional 230,346 shares during the period. Finally, Northern Trust Corp increased its position in Atmos Energy by 20.4% during the first quarter. Northern Trust Corp now owns 1,265,130 shares of the utilities provider’s stock worth $130,219,000 after acquiring an additional 214,567 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:ATO traded up $0.61 on Wednesday, hitting $109.70. The stock had a trading volume of 19,387 shares, compared to its average volume of 951,066. Atmos Energy Co. has a twelve month low of $87.88 and a twelve month high of $110.93. The company has a quick ratio of 0.44, a current ratio of 0.56 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $107.52. The company has a market cap of $12.83 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 3.75 and a beta of 0.22.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. The company had revenue of $485.74 million for the quarter, compared to the consensus estimate of $681.16 million. During the same quarter in the previous year, the company earned $0.64 EPS. The firm’s revenue for the quarter was down 13.6% compared to the same quarter last year. On average, sell-side analysts forecast that Atmos Energy Co. will post 4.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.10 annualized dividend and a dividend yield of 1.91%. Atmos Energy’s dividend payout ratio is presently 52.50%.
A number of equities analysts recently issued reports on ATO shares. Wells Fargo & Co started coverage on shares of Atmos Energy in a research report on Monday, July 15th. They set an “outperform” rating and a $119.00 target price on the stock. Zacks Investment Research raised shares of 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. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $104.00.
Atmos Energy Company 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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