720 Shares in Atmos Energy Corporation $ATO Bought by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH bought a new position in Atmos Energy Corporation (NYSE:ATOFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 720 shares of the utilities provider’s stock, valued at approximately $111,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ATO. Vanguard Group Inc. boosted its stake in shares of Atmos Energy by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 20,791,335 shares of the utilities provider’s stock valued at $3,213,925,000 after purchasing an additional 424,235 shares in the last quarter. Perpetual Ltd boosted its position in Atmos Energy by 17.2% during the first quarter. Perpetual Ltd now owns 1,454,090 shares of the utilities provider’s stock valued at $224,773,000 after buying an additional 213,075 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Atmos Energy by 24.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,317,500 shares of the utilities provider’s stock valued at $203,659,000 after buying an additional 257,341 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Atmos Energy by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the utilities provider’s stock valued at $146,940,000 after buying an additional 34,878 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Atmos Energy by 11.3% during the first quarter. Raymond James Financial Inc. now owns 895,475 shares of the utilities provider’s stock valued at $138,422,000 after buying an additional 91,266 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ATO shares. Argus set a $172.00 target price on Atmos Energy in a report on Thursday, September 18th. UBS Group reissued a “neutral” rating and set a $159.00 price objective (up previously from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $163.00 price target (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Finally, Morgan Stanley increased their price target on shares of Atmos Energy from $162.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.70.

Read Our Latest Report on Atmos Energy

Atmos Energy Stock Performance

Shares of ATO stock opened at $176.45 on Monday. The stock has a fifty day moving average of $166.31 and a 200 day moving average of $159.00. Atmos Energy Corporation has a 52 week low of $136.05 and a 52 week high of $177.83. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.06 and a beta of 0.74. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.The company had revenue of $838.77 million during the quarter, compared to analysts’ expectations of $848.97 million. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, research analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were issued a $0.87 dividend. The ex-dividend date was Monday, August 25th. This represents a $3.48 annualized dividend and a yield of 2.0%. Atmos Energy’s dividend payout ratio (DPR) is 47.80%.

Atmos Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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