Strategy Asset Managers LLC purchased a new position in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,514 shares of the utilities provider’s stock, valued at approximately $300,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. GQG Partners LLC bought a new position in shares of Atmos Energy during the 4th quarter worth $375,224,000. BlackRock Inc. Its position grew in shares of Atmos Energy by 7.6% during the 4th quarter. BlackRock Inc. Now owns 13,905,648 shares of the utilities provider’s stock worth $1,456,896,000 after buying an additional 987,165 shares in the last quarter. Deutsche Bank AG grew its position in shares of Atmos Energy by 31.1% during the 4th quarter. Deutsche Bank AG now owns 3,884,420 shares of the utilities provider’s stock worth $406,971,000 after buying an additional 921,239 shares in the last quarter. State Street Corp grew its position in shares of Atmos Energy by 4.6% during the 4th quarter. State Street Corp now owns 10,245,091 shares of the utilities provider’s stock worth $1,073,378,000 after buying an additional 455,162 shares in the last quarter. Finally, Dearborn Partners LLC purchased a new stake in shares of Atmos Energy during the 4th quarter worth $39,276,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently weighed in on ATO. Credit Suisse Group began coverage on Atmos Energy in a research note on Monday, April 25th. They set an “outperform” rating and a $133.00 price objective for the company. The Goldman Sachs Group cut Atmos Energy from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research note on Thursday, May 12th. Mizuho increased their price target on Atmos Energy from $119.00 to $131.00 in a research note on Friday, April 29th. Barclays increased their price target on Atmos Energy from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, March 25th. Finally, StockNews.com cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.88.
Atmos Energy stock opened at $105.66 on Thursday. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48. Atmos Energy Co. has a 52 week low of $85.80 and a 52 week high of $122.96. The business’s 50-day moving average price is $114.24 and its 200 day moving average price is $110.28. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO – Get Rating) last posted its earnings results on Wednesday, May 4th. The utilities provider reported $2.37 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.02). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.39 billion. Atmos Energy had a return on equity of 8.80% and a net margin of 18.91%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. Equities analysts expect that Atmos Energy Co. will post 5.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 6th. Investors of record on Monday, May 23rd were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, May 20th. Atmos Energy’s dividend payout ratio (DPR) is 50.56%.
Atmos Energy Company Profile (Get Rating)
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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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