Atmos Energy Corporation (ATO) Position Reduced by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD cut its position in shares of Atmos Energy Corporation (NYSE:ATO) by 0.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 7,847 shares of the utilities provider’s stock after selling 44 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Atmos Energy Corporation were worth $650,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. boosted its position in Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Advisor Partners LLC boosted its position in Atmos Energy Corporation by 1.0% in the first quarter. Advisor Partners LLC now owns 2,777 shares of the utilities provider’s stock valued at $219,000 after buying an additional 28 shares in the last quarter. Lbmc Investment Advisors LLC boosted its position in Atmos Energy Corporation by 0.6% in the first quarter. Lbmc Investment Advisors LLC now owns 5,325 shares of the utilities provider’s stock valued at $421,000 after buying an additional 31 shares in the last quarter. Ronna Sue Cohen boosted its position in Atmos Energy Corporation by 0.5% in the second quarter. Ronna Sue Cohen now owns 7,515 shares of the utilities provider’s stock valued at $623,000 after buying an additional 40 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Atmos Energy Corporation by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,809 shares of the utilities provider’s stock valued at $1,249,000 after buying an additional 74 shares in the last quarter. 71.04% of the stock is currently owned by institutional investors.

Shares of Atmos Energy Corporation (NYSE:ATO) traded down 0.39% during mid-day trading on Friday, reaching $87.12. 293,478 shares of the company’s stock were exchanged. The firm has a market cap of $9.24 billion, a P/E ratio of 23.33 and a beta of 0.39. The company has a 50 day moving average price of $85.77 and a 200 day moving average price of $81.62. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $88.69.

Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same period in the prior year, the firm earned $0.64 EPS. Analysts forecast that Atmos Energy Corporation will post $3.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.

ILLEGAL ACTIVITY WARNING: “Atmos Energy Corporation (ATO) Position Reduced by Sumitomo Mitsui Asset Management Company LTD” was originally reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/sumitomo-mitsui-asset-management-company-ltd-reduces-position-in-atmos-energy-corporation-ato-updated.html.

ATO has been the topic of a number of analyst reports. Barclays PLC set a $75.00 target price on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a research report on Saturday, May 6th. J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 target price (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Tuesday, June 13th. Argus increased their price target on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. Finally, BidaskClub upgraded shares of Atmos Energy Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Atmos Energy Corporation has an average rating of “Buy” and an average target price of $86.83.

In related news, Director Richard A. Sampson purchased 1,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $88.12 per share, with a total value of $132,180.00. Following the purchase, the director now directly owns 3,000 shares in the company, valued at $264,360. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.57% of the stock is owned by insiders.

About Atmos Energy Corporation

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.

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

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

Latest News

Leave a Reply