Atmos Energy Corporation (ATO) Position Cut by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Atmos Energy Corporation (NYSE:ATO) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 313,371 shares of the utilities provider’s stock after selling 1,800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Atmos Energy Corporation worth $25,994,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its position in shares of Atmos Energy Corporation by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after buying an additional 314 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after buying an additional 4 shares in the last quarter. Huntington National Bank raised its position in shares of Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after buying an additional 500 shares in the last quarter. Strs Ohio raised its position in shares of Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Atmos Energy Corporation during the first quarter worth about $134,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Shares of Atmos Energy Corporation (ATO) opened at 87.98 on Thursday. The firm has a 50-day moving average of $86.43 and a 200-day moving average of $82.08. The firm has a market capitalization of $9.33 billion, a P/E ratio of 23.56 and a beta of 0.39. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $88.81.
Atmos Energy Corporation (NYSE:ATO) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the business earned $0.64 EPS. On average, equities analysts predict that Atmos Energy Corporation will post $3.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.80 annualized dividend and a yield of 2.05%. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.
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A number of brokerages have weighed in on ATO. Barclays PLC set a $75.00 price target on shares of Atmos Energy Corporation and gave the company a “sell” rating in a report on Saturday, May 6th. BidaskClub downgraded shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Argus upped their price target on shares of Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $87.67.
In other Atmos Energy Corporation news, Director Richard A. Sampson bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $264,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.57% of the company’s stock.
Atmos Energy Corporation Company Profile
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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