Bbva Compass Bancshares Inc. Acquires New Position in Atmos Energy Corporation (NYSE:ATO)
Bbva Compass Bancshares Inc. acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, Holdings Channel reports. The institutional investor acquired 3,025 shares of the utilities provider’s stock, valued at approximately $251,000.
A number of other hedge funds have also recently made changes to their positions in ATO. Carroll Financial Associates Inc. increased its stake 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 valued at $106,000 after buying an additional 4 shares during the period. Strs Ohio increased its stake 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 during the last quarter. Huntington National Bank increased its stake 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Atmos Energy Corporation during the first quarter worth about $134,000. Finally, Advisory Services Network LLC bought a new stake in shares of Atmos Energy Corporation during the first quarter worth about $153,000. 72.10% of the stock is currently owned by institutional investors.
Shares of Atmos Energy Corporation (NYSE ATO) opened at 87.43 on Thursday. The stock has a market cap of $9.30 billion, a P/E ratio of 23.46 and a beta of 0.39. The stock’s 50 day moving average is $84.95 and its 200-day moving average is $81.04. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $88.69.
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, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same quarter last year, the company earned $0.64 EPS. On average, equities analysts forecast that Atmos Energy Corporation will post $3.60 EPS 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 of this dividend is Thursday, August 17th. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. Atmos Energy Corporation’s dividend payout ratio (DPR) is currently 48.13%.
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A number of analysts have recently issued reports on the stock. 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 raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Tuesday, June 13th. Finally, Argus raised their price target on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Atmos Energy Corporation currently has a consensus rating of “Hold” and an average price target of $86.83.
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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