Moody Aldrich Partners LLC Reduces Stock Position in Atmos Energy Co. (NYSE:ATO)

Moody Aldrich Partners LLC lessened its stake in shares of Atmos Energy Co. (NYSE:ATO) by 5.4% in the second quarter, HoldingsChannel reports. The firm owned 3,256 shares of the utilities provider’s stock after selling 185 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Atmos Energy were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ATO. Pendal Group Ltd acquired a new position in shares of Atmos Energy in the 1st quarter valued at about $113,129,000. Norges Bank acquired a new position in Atmos Energy during the 4th quarter worth approximately $84,484,000. Morgan Stanley lifted its position in Atmos Energy by 21.5% during the 1st quarter. Morgan Stanley now owns 2,671,326 shares of the utilities provider’s stock worth $265,075,000 after acquiring an additional 472,795 shares in the last quarter. BlackRock Inc. raised its position in shares of Atmos Energy by 4.2% in the 1st quarter. BlackRock Inc. now owns 11,401,060 shares of the utilities provider’s stock valued at $1,131,325,000 after purchasing an additional 457,449 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Atmos Energy by 50.3% in the 1st quarter. Nuveen Asset Management LLC now owns 1,142,049 shares of the utilities provider’s stock valued at $113,326,000 after purchasing an additional 382,281 shares in the last quarter. Institutional investors own 84.50% of the company’s stock.

ATO has been the topic of a number of recent analyst reports. Wells Fargo & Co cut their target price on Atmos Energy from $131.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Mizuho cut their target price on Atmos Energy from $118.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Morgan Stanley cut their target price on Atmos Energy from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 17th. Finally, Seaport Global Securities initiated coverage on Atmos Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $112.50 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $114.32.

Shares of NYSE ATO traded up $0.57 during trading on Friday, reaching $105.99. The stock had a trading volume of 1,333,353 shares, compared to its average volume of 669,156. Atmos Energy Co. has a one year low of $77.92 and a one year high of $121.08. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.89. The stock has a market cap of $12.96 billion, a PE ratio of 23.09, a P/E/G ratio of 3.13 and a beta of 0.31. The firm’s 50 day moving average price is $100.71 and its two-hundred day moving average price is $104.64.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.03. Atmos Energy had a return on equity of 9.35% and a net margin of 20.02%. The business had revenue of $977.70 million during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.82 EPS. The business’s quarterly revenue was down 8.2% on a year-over-year basis. On average, research analysts expect that Atmos Energy Co. will post 4.69 earnings per share for the current year.

In related news, Director Richard A. Sampson acquired 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $99.27 per share, for a total transaction of $99,270.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $496,350. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.41% 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 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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