Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Atmos Energy Co. (NYSE:ATO) by 71.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,427 shares of the utilities provider’s stock after acquiring an additional 57,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.12% of Atmos Energy worth $12,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NEXT Financial Group Inc bought a new position in shares of Atmos Energy in the third quarter valued at $115,000. Sound Income Strategies LLC bought a new position in shares of Atmos Energy in the fourth quarter valued at $158,000. Rockland Trust Co. bought a new position in shares of Atmos Energy in the third quarter valued at $201,000. EP Wealth Advisors LLC bought a new position in shares of Atmos Energy in the third quarter valued at $205,000. Finally, Gradient Investments LLC bought a new position in shares of Atmos Energy in the fourth quarter valued at $207,000. 74.32% of the stock is currently owned by institutional investors and hedge funds.

ATO opened at $97.63 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.25. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $100.76. The stock has a market cap of $10.63 billion, a P/E ratio of 24.41, a PEG ratio of 3.43 and a beta of 0.17.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to the consensus estimate of $613.41 million. During the same period in the previous year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities research analysts predict that Atmos Energy Co. will post 4.28 EPS for the current fiscal year.

A number of research analysts have weighed in on the stock. Barclays set a $91.00 price objective on shares of Atmos Energy and gave the company a “sell” rating in a research note on Friday, October 12th. Citigroup raised their price objective on shares of Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Argus reissued a “buy” rating and set a $101.00 price target on shares of Atmos Energy in a research report on Monday, December 31st. UBS Group lowered shares of Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price target on the stock. in a research report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Bank of America raised their price target on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.33.

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About Atmos Energy

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 the regulated natural gas distribution and related sales operations in eight states.

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

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