Atmos Energy Co. (ATO) Holdings Reduced by Forsta AP Fonden
Forsta AP Fonden lowered its holdings in Atmos Energy Co. (NYSE:ATO) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 115,800 shares of the utilities provider’s stock after selling 11,600 shares during the period. Forsta AP Fonden’s holdings in Atmos Energy were worth $9,946,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Cohen & Steers Inc. boosted its stake in Atmos Energy by 9.0% in the third quarter. Cohen & Steers Inc. now owns 1,326,551 shares of the utilities provider’s stock worth $111,218,000 after purchasing an additional 109,120 shares in the last quarter. Prudential Financial Inc. boosted its stake in Atmos Energy by 16.6% in the third quarter. Prudential Financial Inc. now owns 978,216 shares of the utilities provider’s stock worth $82,014,000 after purchasing an additional 139,400 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Atmos Energy by 14.2% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 803,785 shares of the utilities provider’s stock worth $69,037,000 after purchasing an additional 100,000 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Atmos Energy by 27.9% in the third quarter. Principal Financial Group Inc. now owns 653,063 shares of the utilities provider’s stock worth $54,752,000 after purchasing an additional 142,352 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Atmos Energy by 9.3% in the third quarter. Legal & General Group Plc now owns 516,379 shares of the utilities provider’s stock worth $43,294,000 after purchasing an additional 44,046 shares in the last quarter. 66.69% of the stock is currently owned by institutional investors.
Atmos Energy Co. (NYSE ATO) opened at $80.42 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.64 and a current ratio of 0.81. Atmos Energy Co. has a one year low of $74.47 and a one year high of $93.56. The stock has a market capitalization of $8,920.69, a price-to-earnings ratio of 14.76, a PEG ratio of 2.87 and a beta of 0.30.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 35.60%.
ATO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, December 12th. Argus reduced their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. reduced their price objective on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Finally, Barclays set a $80.00 price objective on Atmos Energy and gave the stock an “underweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $84.60.
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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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