Riverhead Capital Management LLC grew its position in Atmos Energy Co. (NYSE:ATO) by 243.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 8,580 shares of the utilities provider’s stock after purchasing an additional 6,080 shares during the period. Riverhead Capital Management LLC’s holdings in Atmos Energy were worth $906,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments LLC bought a new position in Atmos Energy in the second quarter valued at about $1,734,000. Maple Brown Abbott Ltd lifted its position in Atmos Energy by 89.7% during the 1st quarter. Maple Brown Abbott Ltd now owns 873,464 shares of the utilities provider’s stock valued at $89,390,000 after purchasing an additional 413,040 shares during the period. Ardevora Asset Management LLP bought a new position in shares of Atmos Energy in the 2nd quarter valued at about $33,104,000. First Trust Advisors LP grew its position in shares of Atmos Energy by 97.7% during the 1st quarter. First Trust Advisors LP now owns 466,003 shares of the utilities provider’s stock worth $47,966,000 after buying an additional 230,346 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Atmos Energy by 266.7% during the 2nd quarter. Renaissance Technologies LLC now owns 297,400 shares of the utilities provider’s stock worth $31,394,000 after buying an additional 216,300 shares during the period. Institutional investors own 83.79% of the company’s stock.

Shares of NYSE:ATO traded up $0.82 during mid-day trading on Wednesday, reaching $109.62. The stock had a trading volume of 300,190 shares, compared to its average volume of 698,129. The firm has a market cap of $12.73 billion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 3.73 and a beta of 0.21. The firm has a 50 day simple moving average of $109.17 and a two-hundred day simple moving average of $104.34. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63. Atmos Energy Co. has a twelve month low of $87.88 and a twelve month high of $111.90.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.68. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. The firm had revenue of $485.74 million during the quarter, compared to analysts’ expectations of $681.16 million. During the same quarter in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, equities analysts anticipate that Atmos Energy Co. will post 4.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. Atmos Energy’s dividend payout ratio is 52.50%.

ATO has been the topic of several analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Atmos Energy in a report on Monday, September 2nd. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, July 24th. ValuEngine cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley cut their price target on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $105.50.

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 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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