Creative Planning Has $2.62 Million Stake in Atmos Energy Co. (ATO)

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Creative Planning lifted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 48.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,841 shares of the utilities provider’s stock after purchasing an additional 9,090 shares during the quarter. Creative Planning’s holdings in Atmos Energy were worth $2,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Atmos Energy by 6.4% during the 2nd quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock worth $989,565,000 after buying an additional 661,567 shares during the period. Magellan Asset Management Ltd boosted its holdings in shares of Atmos Energy by 12.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after buying an additional 211,446 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Atmos Energy by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after buying an additional 27,722 shares during the period. Sfmg LLC boosted its holdings in shares of Atmos Energy by 1.7% during the 2nd quarter. Sfmg LLC now owns 1,091,854 shares of the utilities provider’s stock worth $98,420,000 after buying an additional 17,959 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Atmos Energy by 1.6% during the 2nd quarter. Northern Trust Corp now owns 949,457 shares of the utilities provider’s stock worth $85,585,000 after buying an additional 15,028 shares during the period. Institutional investors own 74.54% of the company’s stock.

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Atmos Energy from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Barclays upped their price objective on shares of Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a report on Wednesday, July 11th. ValuEngine raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Bank of America increased their price target on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a report on Monday. Finally, Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.38.

In other news, insider Richard W. Douglas sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $93.04, for a total transaction of $3,256,400.00. Following the completion of the transaction, the insider now directly owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy K. Quinn sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total transaction of $186,100.00. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

Shares of Atmos Energy stock opened at $94.80 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $98.40. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 3.39 and a beta of 0.09.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $562.25 million for the quarter, compared to analysts’ expectations of $622.30 million. During the same period in the previous year, the business posted $0.67 earnings per share. Atmos Energy’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Atmos Energy Co. will post 3.96 earnings per share for the current fiscal year.

Atmos Energy Profile

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 regulated natural gas distribution, and related sales and storage operations.

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

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