Atmos Energy Co. (NYSE:ATO) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in Atmos Energy Co. (NYSE:ATO) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 57,900 shares of the utilities provider’s stock after selling 1,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Atmos Energy were worth $8,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new position in Atmos Energy in the second quarter worth $37,000. GAMMA Investing LLC boosted its holdings in shares of Atmos Energy by 75.6% in the 2nd quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock valued at $91,000 after buying an additional 335 shares during the period. Covestor Ltd raised its stake in Atmos Energy by 248.5% during the first quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 574 shares during the period. Allworth Financial LP lifted its holdings in Atmos Energy by 50.8% in the third quarter. Allworth Financial LP now owns 992 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 334 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Atmos Energy by 158.3% in the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 611 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Trading Up 0.2 %

Shares of NYSE:ATO opened at $137.97 on Wednesday. The company has a 50 day moving average of $137.59 and a 200-day moving average of $126.43. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. The firm has a market cap of $21.42 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.76 and a beta of 0.68. Atmos Energy Co. has a twelve month low of $107.82 and a twelve month high of $144.32.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. Atmos Energy had a return on equity of 8.94% and a net margin of 25.09%. The firm had revenue of $701.55 million during the quarter, compared to the consensus estimate of $924.75 million. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, analysts anticipate that Atmos Energy Co. will post 6.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATO. Morgan Stanley raised their price target on Atmos Energy from $128.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Wells Fargo & Company boosted their target price on shares of Atmos Energy from $145.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH raised their price target on shares of Atmos Energy from $144.00 to $150.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Atmos Energy has an average rating of “Hold” and a consensus price target of $143.94.

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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.