Retirement Systems of Alabama Lowers Stake in Atmos Energy Corporation (ATO)

Retirement Systems of Alabama reduced its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,061 shares of the utilities provider’s stock after selling 21,679 shares during the period. Retirement Systems of Alabama owned approximately 0.25% of Atmos Energy Corporation worth $22,474,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of Atmos Energy Corporation by 38.1% during the second 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 period. Carroll Financial Associates Inc. lifted its stake in shares of Atmos Energy Corporation by 0.3% during the second 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 period. Toronto Dominion Bank lifted its stake in shares of Atmos Energy Corporation by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after buying an additional 155 shares during the period. Huntington National Bank lifted its stake in shares of Atmos Energy Corporation by 50.0% during the second 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 period. Finally, Carnegie Capital Asset Management LLC acquired a new stake in shares of Atmos Energy Corporation during the second quarter worth $216,000. Institutional investors and hedge funds own 69.55% of the company’s stock.

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Atmos Energy Corporation (NYSE:ATO) opened at $89.54 on Tuesday. The stock has a market cap of $9,456.81, a price-to-earnings ratio of 24.29, a P/E/G ratio of 3.59 and a beta of 0.38. Atmos Energy Corporation has a 1 year low of $69.50 and a 1 year high of $90.39. 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. During the same quarter last year, the company earned $0.40 EPS. equities analysts anticipate that Atmos Energy Corporation will post 3.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 24th. This is an increase from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a yield of 2.17%. Atmos Energy Corporation’s payout ratio is currently 48.13%.

Several research firms have recently commented on ATO. J P Morgan Chase & Co lifted their price objective on shares of Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $77.00 price objective (up from $67.00) on shares of Atmos Energy Corporation in a research note on Friday, September 1st. Argus lifted their price objective on shares of Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Barclays PLC set a $84.00 price objective on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.67.

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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