Atmos Energy Corporation (NYSE:ATO) Stake Raised by Whittier Trust Co.

Whittier Trust Co. boosted its position in Atmos Energy Corporation (NYSE:ATO) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,464 shares of the utilities provider’s stock after buying an additional 265 shares during the period. Whittier Trust Co. owned 0.07% of Atmos Energy Corporation worth $5,928,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATO. Strs Ohio increased its position in Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Atmos Energy Corporation during the first quarter worth $134,000. Advisory Services Network LLC bought a new stake in Atmos Energy Corporation during the first quarter worth $153,000. Nordea Investment Management AB boosted its stake in Atmos Energy Corporation by 5.1% in the first quarter. Nordea Investment Management AB now owns 2,256 shares of the utilities provider’s stock worth $178,000 after buying an additional 109 shares during the last quarter. Finally, Timber Hill LLC bought a new stake in Atmos Energy Corporation during the first quarter worth $201,000. Hedge funds and other institutional investors own 72.10% of the company’s stock.

Shares of Atmos Energy Corporation (NYSE:ATO) opened at 86.88 on Tuesday. The stock has a 50 day moving average price of $84.51 and a 200 day moving average price of $80.57. The firm has a market capitalization of $9.24 billion, a PE ratio of 23.32 and a beta of 0.39. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $87.43.

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 Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period last year, the company posted $0.64 earnings per share. Analysts predict that Atmos Energy Corporation will post $3.60 EPS for the current fiscal year.

The firm also recently disclosed 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 2.07%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is 48.13%.

COPYRIGHT VIOLATION NOTICE: “[[title]]” was first reported by [[site]] and is owned by of [[site]]. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at [[permalink]].

A number of analysts have weighed in on the company. Barclays PLC set a $75.00 price objective on Atmos Energy Corporation and gave the stock a “sell” rating in a research report on Saturday, May 6th. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $86.83.

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.