State Board of Administration of Florida Retirement System Acquires 749 Shares of Atmos Energy Corporation (ATO)
State Board of Administration of Florida Retirement System raised its position in Atmos Energy Corporation (NYSE:ATO) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,495 shares of the utilities provider’s stock after buying an additional 749 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.16% of Atmos Energy Corporation worth $13,977,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Atmos Energy Corporation by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,809 shares of the utilities provider’s stock worth $1,249,000 after buying an additional 74 shares in the last quarter. Advisory Services Network LLC acquired a new position in Atmos Energy Corporation during the first quarter worth approximately $153,000. Advisor Partners LLC increased its position in Atmos Energy Corporation by 1.0% in the first quarter. Advisor Partners LLC now owns 2,777 shares of the utilities provider’s stock worth $219,000 after buying an additional 28 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Atmos Energy Corporation by 93.5% in the first quarter. Canada Pension Plan Investment Board now owns 12,000 shares of the utilities provider’s stock worth $948,000 after buying an additional 5,800 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Atmos Energy Corporation by 0.6% in the first quarter. Wells Fargo & Company MN now owns 356,079 shares of the utilities provider’s stock worth $28,127,000 after buying an additional 2,136 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.
Atmos Energy Corporation (NYSE:ATO) opened at 88.69 on Tuesday. The firm has a 50-day moving average of $86.43 and a 200 day moving average of $82.08. The company has a market capitalization of $9.41 billion, a PE ratio of 23.75 and a beta of 0.39. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $88.81.
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, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same period in the previous year, the business posted $0.64 EPS. Analysts forecast 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. Investors of record on Monday, August 21st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s payout ratio is 48.13%.
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A number of equities research analysts have recently issued reports on the stock. Argus upped their target price 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. BidaskClub raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Zacks Investment Research cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Barclays PLC set a $84.00 target price on shares of Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $89.00 target price (up from $88.00) on shares of Atmos Energy Corporation in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Atmos Energy Corporation presently has an average rating of “Buy” and an average price target of $87.67.
In other Atmos Energy Corporation news, Director Richard A. Sampson acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $264,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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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