Schwab Charles Investment Management Inc. grew its stake in Atmos Energy Co. (NYSE:ATO) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 420,642 shares of the utilities provider’s stock after purchasing an additional 26,249 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.38% of Atmos Energy worth $37,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Atmos Energy by 3.3% in the first quarter. BlackRock Inc. now owns 10,316,520 shares of the utilities provider’s stock valued at $869,064,000 after purchasing an additional 327,954 shares in the last quarter. American Century Companies Inc. grew its position in Atmos Energy by 14.2% in the first quarter. American Century Companies Inc. now owns 2,933,738 shares of the utilities provider’s stock worth $247,138,000 after acquiring an additional 365,412 shares during the period. Magellan Asset Management Ltd grew its position in Atmos Energy by 23.0% in the first quarter. Magellan Asset Management Ltd now owns 1,706,724 shares of the utilities provider’s stock worth $143,774,000 after acquiring an additional 319,415 shares during the period. Bank of New York Mellon Corp grew its position in Atmos Energy by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after acquiring an additional 27,722 shares during the period. Finally, Sfmg LLC grew its position in Atmos Energy by 1.7% in the second quarter. Sfmg LLC now owns 1,091,854 shares of the utilities provider’s stock worth $98,420,000 after acquiring an additional 17,959 shares during the period. Institutional investors and hedge funds own 74.65% of the company’s stock.

In other Atmos Energy news, insider Richard W. Douglas sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the sale, the insider now directly owns 6,292 shares in the company, valued at $585,407.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nancy K. Quinn sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total value of $186,100.00. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

ATO opened at $92.55 on Friday. Atmos Energy Co. has a 52 week low of $76.46 and a 52 week high of $94.85. The firm has a market cap of $10.21 billion, a PE ratio of 25.71, a PEG ratio of 3.57 and a beta of 0.19. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.55.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $562.25 million during the quarter, compared to analyst estimates of $622.30 million. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. equities research analysts predict that Atmos Energy Co. will post 3.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 27th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, August 24th. Atmos Energy’s payout ratio is currently 53.89%.

Several research analysts recently weighed in on the company. Barclays increased their price objective on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 11th. Morgan Stanley raised their price target on Atmos Energy from $91.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Citigroup raised their price target on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 12th. Finally, Seaport Global Securities restated a “buy” rating and set a $98.00 price target on shares of Atmos Energy in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $90.75.

About Atmos Energy

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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

Recommended Story: Moving Average (MA)

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

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