Atmos Energy Co. (ATO) Holdings Lifted by California Public Employees Retirement System
California Public Employees Retirement System raised its holdings in Atmos Energy Co. (NYSE:ATO) by 26.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,721 shares of the utilities provider’s stock after acquiring an additional 66,302 shares during the period. California Public Employees Retirement System owned about 0.28% of Atmos Energy worth $28,459,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in ATO. BlackRock Inc. grew its position in Atmos Energy by 6.4% in the second quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock valued at $989,565,000 after acquiring an additional 661,567 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in Atmos Energy in the first quarter valued at about $42,383,000. SPF Beheer BV grew its position in Atmos Energy by 101.5% in the first quarter. SPF Beheer BV now owns 872,340 shares of the utilities provider’s stock valued at $73,486,000 after acquiring an additional 439,485 shares during the last quarter. Magellan Asset Management Ltd grew its position in Atmos Energy by 23.0% in the first quarter. Magellan Asset Management Ltd now owns 1,706,724 shares of the utilities provider’s stock valued at $143,774,000 after acquiring an additional 319,415 shares during the last quarter. Finally, Brookfield Asset Management Inc. grew its position in Atmos Energy by 64.4% in the first quarter. Brookfield Asset Management Inc. now owns 744,900 shares of the utilities provider’s stock valued at $62,750,000 after acquiring an additional 291,800 shares during the last quarter. Hedge funds and other institutional investors own 74.56% of the company’s stock.
Shares of ATO stock opened at $92.63 on Thursday. Atmos Energy Co. has a 12 month low of $76.46 and a 12 month high of $95.21. The stock has a market cap of $10.44 billion, a PE ratio of 25.73, a PEG ratio of 3.66 and a beta of 0.10. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.55.
The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 27th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, August 24th. Atmos Energy’s payout ratio is 53.89%.
A number of analysts have recently commented on the company. Citigroup lifted their price target on Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a research note on Tuesday, June 12th. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Tuesday, June 12th. Morgan Stanley cut their price target on Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 13th. Barclays lifted their price target on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. Finally, Seaport Global Securities reissued a “buy” rating and set a $98.00 price target on shares of Atmos Energy in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Atmos Energy currently has an average rating of “Buy” and a consensus target price of $93.43.
In related news, Director Nancy K. Quinn sold 2,000 shares of Atmos Energy stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard W. Douglas sold 35,000 shares of Atmos Energy stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the transaction, the insider now directly owns 6,292 shares in the company, valued at $585,407.68. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.
Atmos Energy Profile
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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