Mather Group LLC. reduced its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,983 shares of the utilities provider’s stock after selling 4,997 shares during the period. Mather Group LLC. owned approximately 0.05% of Atmos Energy worth $14,078,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of ATO. SG Americas Securities LLC increased its holdings in Atmos Energy by 206.8% in the 3rd quarter. SG Americas Securities LLC now owns 26,925 shares of the utilities provider’s stock valued at $4,597,000 after purchasing an additional 18,148 shares during the last quarter. Allstate Corp purchased a new stake in Atmos Energy in the third quarter valued at approximately $961,000. Oregon Public Employees Retirement Fund lifted its stake in Atmos Energy by 33.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 18,332 shares of the utilities provider’s stock worth $3,130,000 after purchasing an additional 4,636 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Atmos Energy by 32.2% during the second quarter. Hsbc Holdings PLC now owns 552,595 shares of the utilities provider’s stock worth $85,097,000 after purchasing an additional 134,748 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new position in shares of Atmos Energy during the third quarter worth $901,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Stock Up 0.9%
Atmos Energy stock opened at $183.15 on Friday. The firm has a market capitalization of $30.30 billion, a P/E ratio of 23.79, a P/E/G ratio of 3.14 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a twelve month low of $141.59 and a twelve month high of $190.13. The stock’s fifty day simple moving average is $177.97 and its 200-day simple moving average is $173.39.
Atmos Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 51.95%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ATO. Barclays lifted their price objective on Atmos Energy from $165.00 to $167.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Mizuho raised their target price on Atmos Energy from $170.00 to $180.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. UBS Group lifted their target price on Atmos Energy from $159.00 to $174.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley set a $192.00 price target on shares of Atmos Energy in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Atmos Energy currently has a consensus rating of “Hold” and an average price target of $175.67.
Read Our Latest Analysis on ATO
About Atmos Energy
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
Further Reading
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