Royal Bank of Canada reduced its holdings in Atmos Energy Corporation (NYSE:ATO) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 386,794 shares of the utilities provider’s stock after selling 45,942 shares during the quarter. Royal Bank of Canada owned about 0.36% of Atmos Energy Corporation worth $32,085,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in shares of Atmos Energy Corporation by 38.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after buying an additional 314 shares during the last quarter. Carroll Financial Associates Inc. grew its position in shares of Atmos Energy Corporation by 0.3% in the 2nd quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after buying an additional 4 shares during the last quarter. Strs Ohio grew its position in shares of Atmos Energy Corporation by 14.5% in the 1st quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares during the last quarter. Huntington National Bank grew its position in shares of Atmos Energy Corporation by 50.0% in the 2nd quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after buying an additional 500 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Atmos Energy Corporation in the 1st quarter worth approximately $134,000. Hedge funds and other institutional investors own 71.05% of the company’s stock.
Several research firms recently weighed in on ATO. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Argus lifted their price target on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $77.00 price target (up from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. Finally, Barclays PLC restated a “sell” rating and set a $76.00 price target on shares of Atmos Energy Corporation in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Atmos Energy Corporation has an average rating of “Buy” and a consensus price target of $84.83.
Shares of Atmos Energy Corporation (NYSE ATO) opened at 85.23 on Friday. The company’s 50 day moving average price is $86.45 and its 200 day moving average price is $83.89. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $89.00. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 22.83 and a beta of 0.38.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same period last year, the company earned $0.64 earnings per share. On average, analysts predict that Atmos Energy Corporation will post $3.62 EPS for the current year.
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In other Atmos Energy Corporation news, Director Richard A. Sampson acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost 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 in the company, valued at $264,360. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is owned by corporate insiders.
Atmos Energy Corporation Company 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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