Short Interest of The Day: Atmos Energy Corporation (NYSE:ATO) Sellers Increased By 1.3% Their Shorts

November 24, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest of The Day: Atmos Energy Corporation (NYSE:ATO) Sellers Increased By 1.3% Their Shorts

The stock of Atmos Energy Corporation (NYSE:ATO) registered an increase of 1.3% in short interest. ATO’s total short interest was 1.90 million shares in November as published by FINRA. Its up 1.3% from 1.88 million shares, reported previously. With 379,900 shares average volume, it will take short sellers 5 days to cover their ATO’s short positions. The short interest to Atmos Energy Corporation’s float is 1.86%. The stock decreased 1.17% or $0.85 on November 23, hitting $71.55. About 427,568 shares traded hands. Atmos Energy Corporation (NYSE:ATO) has risen 0.34% since April 22, 2016 and is uptrending. It has underperformed by 5.07% the S&P500.

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The company has a market cap of $7.39 billion. The Firm delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial clients in nine states located primarily in the South. It has a 21.21 P/E ratio. The Firm also operates intrastate pipelines in Texas based on miles of pipe.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.27, from 1.17 in 2016Q1. The ratio turned negative, as 19 funds sold all Atmos Energy Corporation shares owned while 117 reduced positions. 31 funds bought stakes while 128 increased positions. They now own 71.11 million shares or 0.11% more from 71.04 million shares in 2016Q1.
The Massachusetts-based Geode Cap Mngmt Limited Liability Company has invested 0.03% in Atmos Energy Corporation (NYSE:ATO). Proshare Advsr Limited Liability Company, a Maryland-based fund reported 39,979 shares. Moreover, Hodges Cap Mgmt Inc has 0.05% invested in Atmos Energy Corporation (NYSE:ATO) for 13,084 shares. Grace And White New York owns 3,500 shares or 0.06% of their US portfolio. The New York-based Teachers has invested 0.02% in Atmos Energy Corporation (NYSE:ATO). Murphy Cap Inc last reported 0.09% of its portfolio in the stock. Comerica Fincl Bank holds 0.05% or 75,401 shares in its portfolio. Denver Invest Advsr Ltd Liability Co last reported 45,000 shares in the company. Stephens Ar accumulated 2,987 shares or 0.01% of the stock. Delta Asset Mgmt Limited Com Tn last reported 800 shares in the company. Pinnacle Finance Ptnrs Inc has invested 0.29% of its portfolio in Atmos Energy Corporation (NYSE:ATO). Kanaly Trust holds 0% or 300 shares in its portfolio. The Pennsylvania-based Janney Montgomery Scott Ltd Limited Liability Company has invested 0.02% in Atmos Energy Corporation (NYSE:ATO). Panagora Asset Management holds 0.01% or 19,860 shares in its portfolio. Raymond James Na holds 2,830 shares or 0.02% of its portfolio.

Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 2 selling transactions for $389,132 net activity. $312,385 worth of Atmos Energy Corporation (NYSE:ATO) was sold by GREGORY LOUIS P on Monday, August 8. The insider MEREDITH THOMAS C sold $76,747.

Atmos Energy Corporation (NYSE:ATO) Ratings Coverage

Out of 8 analysts covering Atmos Energy (NYSE:ATO), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. Atmos Energy has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The firm has “Underweight” rating given on Monday, January 11 by Barclays Capital. The firm has “Buy” rating by BB&T Capital given on Wednesday, March 30. The firm earned “Buy” rating on Friday, November 18 by Seaport Global. The firm earned “Equal-Weight” rating on Friday, March 18 by Morgan Stanley. JP Morgan maintained the stock with “Overweight” rating in Friday, August 5 report. On Monday, October 31 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Overweight” rating on Tuesday, September 22 by JP Morgan. JP Morgan maintained Atmos Energy Corporation (NYSE:ATO) rating on Monday, January 4. JP Morgan has “Overweight” rating and $65 price target. The stock of Atmos Energy Corporation (NYSE:ATO) earned “Neutral” rating by Citigroup on Wednesday, July 27.

ATO Company Profile

Atmos Energy Corporation (Atmos Energy), incorporated on February 6, 1981, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Firm delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial clients in nine states located primarily in the South. The Firm also operates intrastate pipelines in Texas based on miles of pipe. The Firm operates through the following three divisions: The regulated distribution segment, which includes regulated distribution and related sales operations; the regulated pipeline segment, which includes the pipeline and storage activities of its Atmos Pipeline Texas Division and the nonregulated segment, which includes nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

More notable recent Atmos Energy Corporation (NYSE:ATO) news were published by: Businesswire.com which released: “Atmos Energy Corporation Names Kelly H. Compton to Board of Directors” on October 28, 2016, also Reuters.com with their article: “BRIEF-Atmos Energy Corp names Kelly Compton to its board” published on October 28, 2016, Businesswire.com published: “Atmos Energy Corporation Reports Earnings for Fiscal 2016 First Quarter …” on February 02, 2016. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Cheniere Energy Partners, Atmos Energy Corp. and AstraZeneca” published on February 16, 2016 as well as Businesswire.com‘s news article titled: “Atmos Energy Announces Sale of Atmos Energy Marketing” with publication date: October 31, 2016.

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By Marguerite Chambers


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