Atmos Energy Corporation (ATO) Position Lowered by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. decreased its holdings in Atmos Energy Corporation (NYSE:ATO) by 40.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,816 shares of the utilities provider’s stock after selling 21,275 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Atmos Energy Corporation were worth $2,667,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ATO. Janus Henderson Group PLC raised its stake in Atmos Energy Corporation by 298.1% during the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock valued at $3,208,000 after buying an additional 28,960 shares in the last quarter. Prudential Financial Inc. raised its stake in Atmos Energy Corporation by 12.8% during the second quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after buying an additional 95,248 shares in the last quarter. Legal & General Group Plc raised its stake in Atmos Energy Corporation by 5.3% during the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after buying an additional 23,724 shares in the last quarter. Swiss National Bank raised its stake in 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 in the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 69.79% of the company’s stock.

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Atmos Energy Corporation (NYSE:ATO) opened at $89.10 on Thursday. The company has a market capitalization of $9,488.60, a P/E ratio of 24.36, a PEG ratio of 3.59 and a beta of 0.38. Atmos Energy Corporation has a fifty-two week low of $69.57 and a fifty-two week high of $91.00. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79.

Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. During the same period in the prior year, the business earned $0.40 EPS. sell-side analysts predict that Atmos Energy Corporation will post 3.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 annualized dividend and a dividend yield of 2.18%. Atmos Energy Corporation’s dividend payout ratio is 48.13%.

ATO has been the topic of several research reports. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the company a “sell” rating in a research note on Sunday, August 6th. Argus upped their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy Corporation in a research note on Friday, September 1st. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.80.

About Atmos Energy Corporation

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

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