Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 506,037 shares of the utilities provider’s stock after selling 8,005 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.41% of Atmos Energy worth $50,391,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ATO. Guggenheim Capital LLC lifted its holdings in Atmos Energy by 1.3% during the fourth quarter. Guggenheim Capital LLC now owns 77,930 shares of the utilities provider’s stock worth $8,717,000 after acquiring an additional 992 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Atmos Energy by 131.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,788 shares of the utilities provider’s stock worth $1,297,000 after acquiring an additional 14,659 shares during the period. Man Group plc lifted its holdings in Atmos Energy by 127.3% during the fourth quarter. Man Group plc now owns 51,509 shares of the utilities provider’s stock worth $5,762,000 after acquiring an additional 28,848 shares during the period. Norges Bank bought a new stake in Atmos Energy during the fourth quarter worth $84,484,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Atmos Energy during the fourth quarter worth $303,000. Institutional investors and hedge funds own 84.50% of the company’s stock.
In other news, Director Richard A. Sampson acquired 1,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average cost of $99.27 per share, for a total transaction of $99,270.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $496,350. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by corporate insiders.
Atmos Energy stock opened at $105.99 on Friday. Atmos Energy Co. has a 52 week low of $77.92 and a 52 week high of $121.08. The business has a 50-day simple moving average of $100.71 and a 200 day simple moving average of $104.64. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.69. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 3.13 and a beta of 0.31.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.03. Atmos Energy had a return on equity of 9.35% and a net margin of 20.02%. The firm had revenue of $977.70 million during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business earned $1.82 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, research analysts anticipate that Atmos Energy Co. will post 4.69 earnings per share for the current year.
ATO has been the topic of several research reports. Seaport Global Securities initiated coverage on Atmos Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $112.50 target price on the stock. Wells Fargo & Co lowered their target price on Atmos Energy from $131.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Mizuho lowered their target price on Atmos Energy from $118.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Morgan Stanley lowered their target price on Atmos Energy from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Atmos Energy currently has a consensus rating of “Buy” and a consensus price target of $114.32.
Atmos Energy Company 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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