Glenmede Trust Co. NA maintained its stake in Atmos Energy Corporation (NYSE:ATO) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,489 shares of the utilities provider’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Atmos Energy Corporation were worth $332,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ATO. Strs Ohio increased its stake in Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock valued at $118,000 after buying an additional 190 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Atmos Energy Corporation during the first quarter valued at approximately $134,000. Advisory Services Network LLC bought a new stake in Atmos Energy Corporation during the first quarter valued at approximately $153,000. Nordea Investment Management AB increased its stake in Atmos Energy Corporation by 5.1% in the first quarter. Nordea Investment Management AB now owns 2,256 shares of the utilities provider’s stock valued at $178,000 after buying an additional 109 shares during the last quarter. Finally, Timber Hill LLC bought a new stake in Atmos Energy Corporation during the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 72.10% of the company’s stock.
Atmos Energy Corporation (NYSE ATO) traded up 0.82% during mid-day trading on Tuesday, hitting $87.59. 426,151 shares of the stock were exchanged. The company has a 50-day moving average price of $84.76 and a 200-day moving average price of $80.72. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $88.69. The company has a market cap of $9.32 billion, a P/E ratio of 23.51 and a beta of 0.39.
Atmos Energy Corporation (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same quarter last year, the business earned $0.64 EPS. Analysts forecast that Atmos Energy Corporation will post $3.60 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors 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 2.06%. The ex-dividend date is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is 48.13%.
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ATO has been the subject of several research reports. Argus lifted their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Tuesday, June 13th. BidaskClub downgraded shares of Atmos Energy Corporation from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 target price (up from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $86.83.
About Atmos Energy Corporation
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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