DekaBank Deutsche Girozentrale Raises Stake in Atmos Energy Corporation (ATO)
DekaBank Deutsche Girozentrale increased its position in Atmos Energy Corporation (NYSE:ATO) by 8.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 70,423 shares of the utilities provider’s stock after buying an additional 5,327 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Atmos Energy Corporation were worth $5,868,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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. BlackRock Inc. boosted its stake 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. State Street Corp boosted its stake in Atmos Energy Corporation by 2.6% in the first quarter. State Street Corp now owns 6,764,362 shares of the utilities provider’s stock worth $534,320,000 after buying an additional 168,800 shares during the last quarter. American Century Companies Inc. boosted its stake 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. Finally, Victory Capital Management Inc. boosted its stake in Atmos Energy Corporation by 2.5% in the first quarter. Victory Capital Management Inc. now owns 1,624,538 shares of the utilities provider’s stock worth $128,322,000 after buying an additional 39,468 shares during the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.
Atmos Energy Corporation (NYSE:ATO) opened at 87.78 on Wednesday. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $88.69. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 23.51 and a beta of 0.39. The company’s 50 day moving average is $85.38 and its 200-day moving average is $81.44.
Atmos Energy Corporation (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same period in the previous year, the business earned $0.64 EPS. Equities analysts anticipate that Atmos Energy Corporation will post $3.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
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A number of equities research analysts have commented on ATO shares. Barclays PLC set a $84.00 price target on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a report on Sunday, August 6th. BidaskClub cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $89.00 price objective (up from $88.00) on shares of Atmos Energy Corporation in a report on Thursday, June 1st. Finally, Argus lifted their price objective 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Atmos Energy Corporation has a consensus rating of “Hold” and an average price target of $86.83.
In other Atmos Energy Corporation news, Director Richard A. Sampson acquired 1,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $264,360. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.57% of the stock is owned by corporate insiders.
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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