Ossiam purchased a new stake in shares of Atmos Energy Co. (NYSE:ATO) in the second quarter, according to its most recent filing with the SEC. The firm purchased 5,015 shares of the utilities provider’s stock, valued at approximately $529,000.
Several other hedge funds also recently bought and sold shares of ATO. Cibc World Markets Corp increased its holdings in Atmos Energy by 108.2% during the 2nd quarter. Cibc World Markets Corp now owns 32,230 shares of the utilities provider’s stock valued at $3,402,000 after acquiring an additional 16,751 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in shares of Atmos Energy by 242.9% in the second quarter. Meadow Creek Investment Management LLC now owns 10,560 shares of the utilities provider’s stock valued at $1,115,000 after purchasing an additional 7,480 shares during the last quarter. Glen Harbor Capital Management LLC grew its position in shares of Atmos Energy by 242.9% in the second quarter. Glen Harbor Capital Management LLC now owns 13,440 shares of the utilities provider’s stock valued at $1,419,000 after purchasing an additional 9,520 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Atmos Energy by 68.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 278 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 113 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of Atmos Energy by 7.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 2,911,393 shares of the utilities provider’s stock worth $307,327,000 after purchasing an additional 199,331 shares in the last quarter. Institutional investors own 83.79% of the company’s stock.
A number of research firms recently issued reports on ATO. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Wednesday, July 24th. Wells Fargo & Co reissued a “buy” rating on shares of Atmos Energy in a research report on Monday, September 2nd. ValuEngine downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley cut their price target on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating for the company in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $105.50.
Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. The firm had revenue of $485.74 million during the quarter, compared to analysts’ expectations of $681.16 million. During the same period in the previous year, the company earned $0.64 EPS. Atmos Energy’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities analysts forecast that Atmos Energy Co. will post 4.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, August 23rd. Atmos Energy’s dividend payout ratio is currently 52.50%.
Atmos Energy Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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