First Trust Advisors LP Raises Stake in Atmos Energy Co. (ATO)

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First Trust Advisors LP grew its holdings in Atmos Energy Co. (NYSE:ATO) by 18.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 417,139 shares of the utilities provider’s stock after purchasing an additional 65,669 shares during the period. First Trust Advisors LP owned about 0.38% of Atmos Energy worth $39,174,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Atmos Energy in the second quarter worth approximately $111,000. NEXT Financial Group Inc acquired a new position in Atmos Energy in the third quarter worth approximately $115,000. Rockland Trust Co. acquired a new position in Atmos Energy in the third quarter worth approximately $201,000. Eagle Global Advisors LLC acquired a new position in Atmos Energy in the second quarter worth approximately $207,000. Finally, Carnegie Capital Asset Management LLC acquired a new position in Atmos Energy in the second quarter worth approximately $209,000. Institutional investors own 74.54% of the company’s stock.

ATO has been the topic of a number of research reports. Barclays increased their price objective on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a report on Wednesday, July 11th. Morgan Stanley increased their price objective on Atmos Energy from $91.00 to $99.00 and gave the stock an “equal weight” rating in a report on Monday, July 16th. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Seaport Global Securities restated a “buy” rating and issued a $98.00 price objective on shares of Atmos Energy in a report on Thursday, August 16th. Finally, ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $94.38.

Shares of Atmos Energy stock opened at $93.08 on Thursday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.42 and a beta of 0.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22. Atmos Energy Co. has a 12-month low of $76.46 and a 12-month high of $98.40.

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

In other Atmos Energy news, insider Richard W. Douglas sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total transaction of $3,256,400.00. Following the completion of the sale, the insider now owns 6,292 shares of the company’s stock, valued at $585,407.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy K. Quinn sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Atmos Energy Company 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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