Atmos Energy Co. (ATO) Shares Sold by Securian Asset Management Inc

Securian Asset Management Inc trimmed its stake in shares of Atmos Energy Co. (NYSE:ATO) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,115 shares of the utilities provider’s stock after selling 2,158 shares during the period. Securian Asset Management Inc’s holdings in Atmos Energy were worth $1,247,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its position in Atmos Energy by 1,666.7% in the first quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 250 shares in the last quarter. Phocas Financial Corp. bought a new position in Atmos Energy in the fourth quarter valued at $35,000. Clarus Wealth Advisors bought a new position in Atmos Energy in the fourth quarter valued at $37,000. Truvestments Capital LLC bought a new position in Atmos Energy in the first quarter valued at $41,000. Finally, JOYN Advisors Inc. grew its position in Atmos Energy by 37.9% in the fourth quarter. JOYN Advisors Inc. now owns 451 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Institutional investors and hedge funds own 79.04% of the company’s stock.

Separately, Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $102.00.

Atmos Energy stock opened at $102.94 on Friday. The firm has a market capitalization of $12.03 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 3.66 and a beta of 0.25. Atmos Energy Co. has a 1-year low of $84.35 and a 1-year high of $104.07. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.58.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $877.78 million during the quarter, compared to the consensus estimate of $969.71 million. Atmos Energy had a net margin of 14.39% and a return on equity of 9.17%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. On average, research analysts anticipate that Atmos Energy Co. will post 4.3 earnings per share for the current year.

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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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