Atmos Energy Co. (NYSE:ATO) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its position in shares of Atmos Energy Co. (NYSE:ATO) by 1.5% during the second quarter, Holdings Channel.com reports. The fund owned 926,536 shares of the utilities provider’s stock after selling 13,941 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Atmos Energy were worth $97,805,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its holdings in Atmos Energy by 5.0% during the first quarter. American Century Companies Inc. now owns 3,346,085 shares of the utilities provider’s stock worth $344,413,000 after acquiring an additional 159,231 shares during the period. Magellan Asset Management Ltd grew its holdings in Atmos Energy by 7.3% during the second quarter. Magellan Asset Management Ltd now owns 2,911,393 shares of the utilities provider’s stock worth $307,327,000 after acquiring an additional 199,331 shares during the period. Northern Trust Corp grew its holdings in Atmos Energy by 8.6% during the second quarter. Northern Trust Corp now owns 1,373,896 shares of the utilities provider’s stock worth $145,028,000 after acquiring an additional 108,766 shares during the period. Maple Brown Abbott Ltd grew its holdings in Atmos Energy by 36.2% during the second quarter. Maple Brown Abbott Ltd now owns 1,189,883 shares of the utilities provider’s stock worth $125,604,000 after acquiring an additional 316,419 shares during the period. Finally, Sfmg LLC grew its holdings in Atmos Energy by 6.8% during the second quarter. Sfmg LLC now owns 1,188,542 shares of the utilities provider’s stock worth $128,517,000 after acquiring an additional 75,420 shares during the period. 83.79% of the stock is currently owned by hedge funds and other institutional investors.

ATO has been the subject of a number of recent analyst reports. ValuEngine lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley decreased their price target on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, July 24th. Goldman Sachs Group initiated coverage on Atmos Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $121.00 price target for the company. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Atmos Energy in a research report on Monday, September 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.22.



Shares of NYSE:ATO traded up $1.44 during midday trading on Tuesday, reaching $114.03. The company had a trading volume of 24,997 shares, compared to its average volume of 756,587. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.44 and a current ratio of 0.56. Atmos Energy Co. has a 1-year low of $87.88 and a 1-year high of $113.41. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.91 and a beta of 0.21. The company has a fifty day simple moving average of $109.83 and a two-hundred day simple moving average of $105.07.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The business had revenue of $485.74 million during the quarter, compared to analyst estimates of $681.16 million. During the same quarter last year, the company posted $0.64 EPS. Atmos Energy’s revenue for the quarter was down 13.6% on a year-over-year basis. Analysts expect that Atmos Energy Co. will post 4.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. Atmos Energy’s payout ratio is presently 52.50%.

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 the regulated natural gas distribution and related sales operations in eight states.

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

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