BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Atmos Energy Corporation (NYSE:ATO) by 104.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 84,792 shares of the utilities provider’s stock after buying an additional 43,218 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.08% of Atmos Energy Corporation worth $7,033,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Atmos Energy Corporation by 7.6% in the first quarter. Vanguard Group Inc. now owns 10,124,106 shares of the utilities provider’s stock worth $799,703,000 after buying an additional 712,731 shares during the last quarter. BlackRock Inc. boosted its position in shares of Atmos Energy Corporation by 2,710.9% in the first quarter. BlackRock Inc. now owns 9,380,848 shares of the utilities provider’s stock worth $740,992,000 after buying an additional 9,047,115 shares during the last quarter. State Street Corp boosted its position in shares of Atmos Energy Corporation by 2.6% in the first quarter. State Street Corp now owns 6,764,362 shares of the utilities provider’s stock worth $534,320,000 after buying an additional 168,800 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Atmos Energy Corporation by 18.4% in the first quarter. American Century Companies Inc. now owns 2,738,696 shares of the utilities provider’s stock worth $216,330,000 after buying an additional 425,986 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Atmos Energy Corporation by 2.5% in the first quarter. Victory Capital Management Inc. now owns 1,624,538 shares of the utilities provider’s stock worth $128,322,000 after buying an additional 39,468 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atmos Energy Corporation (NYSE:ATO) opened at 87.12 on Friday. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $88.69. The firm’s 50 day moving average is $85.77 and its 200 day moving average is $81.62. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 23.33 and a beta of 0.39.

Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to the consensus estimate of $596.52 million. During the same period in the previous year, the company posted $0.64 EPS. On average, equities analysts predict that Atmos Energy Corporation will post $3.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a $0.45 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. Atmos Energy Corporation’s payout ratio is 48.13%.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/20/british-columbia-investment-management-corp-acquires-43218-shares-of-atmos-energy-corporation-ato.html.

A number of equities analysts recently weighed in on the stock. Barclays PLC set a $84.00 price objective on shares of Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday, August 6th. BidaskClub lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $89.00 price objective (up from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. Finally, Argus lifted their price objective on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $86.83.

In other news, Director Richard A. Sampson bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $264,360. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.57% of the company’s stock.

About Atmos Energy Corporation

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the 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.

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO).

Institutional Ownership by Quarter for Atmos Energy Corporation (NYSE:ATO)

Receive News & Stock Ratings for Atmos Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy Corporation and related stocks with our FREE daily email newsletter.