Scout Investments Lowers stake in Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO) : Scout Investments reduced its stake in Atmos Energy Corporation by 23.56% during the most recent quarter end. The investment management company now holds a total of 1,566,850 shares of Atmos Energy Corporation which is valued at $115,304,492 after selling 483,003 shares in Atmos Energy Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Atmos Energy Corporation makes up approximately 3.14% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in ATO by selling 1,234 shares or 8.35% in the most recent quarter. The Hedge Fund company now holds 13,543 shares of ATO which is valued at $996,629. Atmos Energy Corporation makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Moody Lynn Lieberson reduced its stake in ATO by selling 230 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 7,078 shares of ATO which is valued at $520,870. Atmos Energy Corporation makes up approx 0.08% of Moody Lynn Lieberson’s portfolio.Capital One National Association boosted its stake in ATO in the latest quarter, The investment management firm added 5,058 additional shares and now holds a total of 91,631 shares of Atmos Energy Corporation which is valued at $6,534,207. Atmos Energy Corporation makes up approx 0.58% of Capital One National Association’s portfolio.

Atmos Energy Corporation opened for trading at $74.4 and hit $75.05 on the upside on Tuesday, eventually ending the session at $74.46, with a gain of 0.22% or 0.16 points. The heightened volatility saw the trading volume jump to 4,03,017 shares. Company has a market cap of $7,612 M.

On the company’s financial health, Atmos Energy Corporation reported $1.40 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $1.40.Analysts expectations of $ 1458.45.During the same quarter in the previous year, the company posted $1.36 EPS.

Many Wall Street Analysts have commented on Atmos Energy Corporation. BB&T Capital Mkts Initiated Atmos Energy Corporation on Mar 30, 2016 to “Buy”, Price Target of the shares are set at $80.Atmos Energy Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 18, 2016.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential commercial public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates through the following three segments: The regulated distribution segment which includes regulated distribution and related sales operations; the regulated pipeline segment which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment which includes nonregulated natural gas management nonregulated natural gas transmission storage and other services.

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