Mitsubishi UFJ Trust & Banking Corp raised its stake in Atmos Energy Co. (NYSE:ATO) by 13.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,424,308 shares of the utilities provider’s stock after acquiring an additional 170,997 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Atmos Energy were worth $136,891,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Xponance Inc. grew its position in shares of Atmos Energy by 31.9% in the 2nd quarter. Xponance Inc. now owns 7,237 shares of the utilities provider’s stock valued at $696,000 after buying an additional 1,750 shares during the last quarter. Regentatlantic Capital LLC grew its position in shares of Atmos Energy by 13.6% in the 2nd quarter. Regentatlantic Capital LLC now owns 8,070 shares of the utilities provider’s stock valued at $776,000 after buying an additional 963 shares during the last quarter. Magellan Asset Management Ltd grew its position in shares of Atmos Energy by 0.5% in the 2nd quarter. Magellan Asset Management Ltd now owns 3,903,799 shares of the utilities provider’s stock valued at $375,194,000 after buying an additional 19,477 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Atmos Energy during the 2nd quarter valued at about $255,000. Finally, NFJ Investment Group LLC boosted its position in shares of Atmos Energy by 23.3% during the 2nd quarter. NFJ Investment Group LLC now owns 890,396 shares of the utilities provider’s stock valued at $85,576,000 after purchasing an additional 168,544 shares in the last quarter. Hedge funds and other institutional investors own 83.29% of the company’s stock.
In related news, SVP J Matt Robbins sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 11th. The stock was sold at an average price of $101.12, for a total transaction of $455,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.24% of the company’s stock.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, August 3rd. The utilities provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $605.50 million during the quarter, compared to the consensus estimate of $582.73 million. Atmos Energy had a return on equity of 9.22% and a net margin of 20.58%. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share. Equities analysts anticipate that Atmos Energy Co. will post 5.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Monday, August 23rd were given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, August 20th. Atmos Energy’s payout ratio is 52.97%.
Several equities research analysts recently commented on ATO shares. TheStreet lowered Atmos Energy from a “b” rating to a “c+” rating in a research report on Tuesday, September 7th. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Monday, September 6th. Wells Fargo & Company dropped their price target on Atmos Energy from $121.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, June 24th. Mizuho upped their price target on Atmos Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 17th. Finally, Morgan Stanley dropped their price target on Atmos Energy from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $112.25.
Atmos Energy Company Profile
Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes the pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana.
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