8,292 Shares in Atmos Energy Co. (ATO) Purchased by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC acquired a new stake in Atmos Energy Co. (NYSE:ATO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,292 shares of the utilities provider’s stock, valued at approximately $747,000.
Several other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Atmos Energy by 7.8% in the second quarter. Bank of America Corp DE now owns 452,153 shares of the utilities provider’s stock valued at $40,758,000 after buying an additional 32,643 shares in the last quarter. Natixis boosted its stake in shares of Atmos Energy by 577.7% in the second quarter. Natixis now owns 176,027 shares of the utilities provider’s stock worth $15,867,000 after acquiring an additional 150,051 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Atmos Energy in the second quarter worth approximately $975,000. Magellan Asset Management Ltd boosted its stake in shares of 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 acquiring an additional 211,446 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in shares of Atmos Energy by 8.2% in the second quarter. AMP Capital Investors Ltd now owns 181,280 shares of the utilities provider’s stock worth $16,339,000 after acquiring an additional 13,812 shares during the last quarter. Institutional investors and hedge funds own 74.57% of the company’s stock.
A number of analysts have recently issued reports on the company. Seaport Global Securities reaffirmed a “buy” rating and issued a $98.00 price target on shares of Atmos Energy in a research note on Thursday, August 16th. Morgan Stanley raised Atmos Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $104.00 in a research note on Friday. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Barclays lifted their price target on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 11th. Finally, Citigroup lifted their price target on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $93.43.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data 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 business had revenue of $562.25 million during the quarter, compared to the consensus estimate of $622.30 million. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. research analysts anticipate that Atmos Energy Co. will post 3.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 27th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 53.89%.
In other Atmos Energy news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the transaction, 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 1.57% of the company’s stock.
About Atmos Energy
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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