Meiji Yasuda Life Insurance Co bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the utilities provider’s stock, valued at approximately $249,000.
Other hedge funds also recently modified their holdings of the company. Carroll Financial Associates Inc. raised its position in shares of Atmos Energy Corporation by 0.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 4 shares in the last quarter. Lbmc Investment Advisors LLC raised its position in shares of Atmos Energy Corporation by 0.5% in the 2nd quarter. Lbmc Investment Advisors LLC now owns 5,353 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 28 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Atmos Energy Corporation by 1.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,243 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 35 shares in the last quarter. Ronna Sue Cohen raised its position in shares of Atmos Energy Corporation by 0.5% in the 2nd quarter. Ronna Sue Cohen now owns 7,515 shares of the utilities provider’s stock worth $623,000 after acquiring an additional 40 shares in the last quarter. Finally, Advisor Partners LLC increased its position in Atmos Energy Corporation by 2.6% during the 2nd quarter. Advisor Partners LLC now owns 2,849 shares of the utilities provider’s stock valued at $236,000 after buying an additional 72 shares in the last quarter. Institutional investors own 71.06% of the company’s stock.
A number of research analysts recently weighed in on the company. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reissued a “sell” rating and issued a $76.00 target price on shares of Atmos Energy Corporation in a report on Friday, July 21st. Zacks Investment Research raised Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Tuesday, June 13th. Finally, Argus raised their price target on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $86.14.
In other news, Director Richard A. Sampson bought 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the purchase, the director now 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 through the SEC website. 1.57% of the stock is owned by corporate insiders.
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Shares of Atmos Energy Corporation (NYSE:ATO) opened at 86.95 on Friday. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $89.00. The company has a market capitalization of $9.22 billion, a PE ratio of 23.29 and a beta of 0.40. The firm’s 50-day moving average price is $87.58 and its 200-day moving average price is $83.13.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the 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 period last year, the company posted $0.64 EPS. On average, analysts expect that Atmos Energy Corporation will post $3.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, August 17th. Atmos Energy Corporation’s payout ratio is currently 48.13%.
Atmos Energy Corporation Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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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