2,435 Shares in Atmos Energy Corporation (ATO) Acquired by Carnegie Capital Asset Management LLC
Carnegie Capital Asset Management LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,435 shares of the utilities provider’s stock, valued at approximately $216,000.
A number of other large investors have also recently modified their holdings of the stock. Prudential Financial Inc. raised its position in Atmos Energy Corporation by 12.8% in the 2nd quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock worth $69,580,000 after purchasing an additional 95,248 shares during the period. Legal & General Group Plc lifted its stake in Atmos Energy Corporation by 5.3% in the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock worth $39,181,000 after purchasing an additional 23,724 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Atmos Energy Corporation by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 320,214 shares of the utilities provider’s stock valued at $25,294,000 after buying an additional 25,769 shares during the period. Swiss National Bank boosted its position in shares of Atmos Energy Corporation by 4.2% during the second quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after buying an additional 15,400 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in shares of Atmos Energy Corporation by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after buying an additional 1,772 shares during the period. Institutional investors own 71.05% of the company’s stock.
In related news, Director Richard A. Sampson purchased 1,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $264,360. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.57% of the stock is owned by company insiders.
Shares of Atmos Energy Corporation (NYSE ATO) opened at 83.84 on Monday. The company’s 50-day moving average is $87.55 and its 200-day moving average is $83.37. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $89.00. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 22.45 and a beta of 0.38.
Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the previous year, the company earned $0.64 EPS. On average, equities analysts predict that Atmos Energy Corporation will post $3.62 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.
ATO has been the topic of a number of analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $77.00 target price (up previously from $67.00) on shares of Atmos Energy Corporation in a research note on Friday, September 1st. Argus increased their price target on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Barclays PLC set a $84.00 price target on Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Sunday, August 6th. Finally, Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Atmos Energy Corporation presently has an average rating of “Buy” and an average target price of $86.14.
Atmos Energy Corporation Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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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