Scout Investments Inc. Lowers Position in Atmos Energy Corporation (ATO)
Scout Investments Inc. lowered its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 21.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,746 shares of the utilities provider’s stock after selling 176,896 shares during the period. Atmos Energy Corporation makes up about 1.5% of Scout Investments Inc.’s portfolio, making the stock its 3rd largest position. Scout Investments Inc. owned approximately 0.60% of Atmos Energy Corporation worth $53,316,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 valued at $799,703,000 after buying an additional 712,731 shares during the last quarter. BlackRock Inc. raised its stake in 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 valued at $740,992,000 after buying an additional 9,047,115 shares during the last quarter. State Street Corp raised its stake in 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 valued at $534,320,000 after buying an additional 168,800 shares during the last quarter. American Century Companies Inc. raised its stake in 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 valued at $216,330,000 after buying an additional 425,986 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in 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 valued at $128,322,000 after buying an additional 39,468 shares during the last quarter. Institutional investors own 71.04% of the company’s stock.
Atmos Energy Corporation (ATO) traded down 0.09% during mid-day trading on Wednesday, reaching $88.11. The company had a trading volume of 55,393 shares. The stock has a 50 day moving average of $86.43 and a 200 day moving average of $82.08. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 23.60 and a beta of 0.39. Atmos Energy Corporation has a 52 week low of $68.51 and a 52 week high of $88.81.
Atmos Energy Corporation (NYSE:ATO) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same quarter in the previous year, the business posted $0.64 EPS. Analysts anticipate that Atmos Energy Corporation will post $3.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s payout ratio is currently 48.13%.
Several analysts recently weighed in on ATO shares. Barclays PLC set a $84.00 price target on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Argus increased their price target on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. BidaskClub lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 price target (up previously from $88.00) on shares of Atmos Energy Corporation in a report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.67.
In other news, Director Richard A. Sampson bought 1,500 shares of Atmos Energy Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $264,360. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.57% of the stock is currently owned by company insiders.
Atmos Energy Corporation Company Profile
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.
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