Reaves W H & Co. Inc. lessened its position in Atmos Energy Co. (NYSE:ATO) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,516 shares of the utilities provider’s stock after selling 4,814 shares during the quarter. Reaves W H & Co. Inc. owned approximately 0.37% of Atmos Energy worth $33,160,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Atmos Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock valued at $852,294,000 after acquiring an additional 150,691 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Atmos Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after purchasing an additional 255,277 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Atmos Energy by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,376,644 shares of the utilities provider’s stock valued at $114,193,000 after purchasing an additional 23,431 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Atmos Energy by 22.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock valued at $93,578,000 after purchasing an additional 205,735 shares in the last quarter. Finally, Sfmg LLC grew its stake in Atmos Energy by 1.5% in the 2nd quarter. Sfmg LLC now owns 1,078,193 shares of the utilities provider’s stock valued at $89,436,000 after buying an additional 15,547 shares during the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.
A number of research firms recently issued reports on ATO. J P Morgan Chase & Co raised their target price on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. The Goldman Sachs Group, Inc. restated a “neutral” rating and issued a $77.00 price target (up from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. Argus raised their price target on shares of Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Barclays PLC set a $84.00 price target on shares of Atmos Energy and gave the stock a “sell” rating in a research report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Atmos Energy currently has a consensus rating of “Buy” and a consensus target price of $85.67.
Shares of Atmos Energy Co. (ATO) traded up $0.38 during mid-day trading on Friday, reaching $89.95. 579,100 shares of the company traded hands, compared to its average volume of 361,569. Atmos Energy Co. has a 12-month low of $69.57 and a 12-month high of $91.00. The company has a market cap of $9,510.00, a P/E ratio of 24.41, a P/E/G ratio of 3.60 and a beta of 0.38. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Atmos Energy had a net margin of 7.71% and a return on equity of 3.68%. During the same quarter in the prior year, the company posted $0.40 earnings per share. equities research analysts predict that Atmos Energy Co. will post 3.6 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.485 dividend. The ex-dividend date is Friday, November 24th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.16%. Atmos Energy’s payout ratio is currently 49.86%.
Atmos Energy Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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