Bank Julius Baer & Co. Ltd Zurich grew its stake in Atmos Energy Co. (NYSE:ATO) by 14.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,201 shares of the utilities provider’s stock after buying an additional 271 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Atmos Energy were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its position in Atmos Energy by 5.2% in the fourth quarter. BlackRock Inc. now owns 13,263,070 shares of the utilities provider’s stock worth $1,265,693,000 after buying an additional 655,903 shares in the last quarter. Magellan Asset Management Ltd grew its position in shares of Atmos Energy by 8.7% during the fourth quarter. Magellan Asset Management Ltd now owns 3,793,500 shares of the utilities provider’s stock worth $362,014,000 after purchasing an additional 303,022 shares in the last quarter. Pendal Group Limited grew its position in shares of Atmos Energy by 6.7% during the fourth quarter. Pendal Group Limited now owns 1,752,861 shares of the utilities provider’s stock worth $167,276,000 after purchasing an additional 110,659 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Atmos Energy by 48.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,511,368 shares of the utilities provider’s stock worth $144,231,000 after purchasing an additional 491,174 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Atmos Energy by 15.1% during the fourth quarter. ProShare Advisors LLC now owns 1,058,086 shares of the utilities provider’s stock worth $100,973,000 after purchasing an additional 138,487 shares in the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
ATO has been the subject of several research analyst reports. Wells Fargo & Company increased their target price on Atmos Energy from $106.00 to $111.00 and gave the stock an “overweight” rating in a research report on Monday, March 29th. Bank of America reiterated a “neutral” rating on shares of Atmos Energy in a research report on Monday, March 15th. Morgan Stanley raised their price target on Atmos Energy from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, March 25th. Mizuho upgraded Atmos Energy from a “neutral” rating to a “buy” rating and set a $99.00 price target for the company in a report on Wednesday, March 10th. Finally, Seaport Global Securities cut Atmos Energy from a “buy” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Atmos Energy currently has a consensus rating of “Buy” and a consensus target price of $105.25.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Monday, February 1st. The utilities provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.13. The business had revenue of $914.48 million during the quarter, compared to analyst estimates of $985.11 million. Atmos Energy had a return on equity of 9.04% and a net margin of 21.32%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.47 EPS. As a group, analysts expect that Atmos Energy Co. will post 5.02 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, February 22nd were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Friday, February 19th. Atmos Energy’s payout ratio is 52.97%.
Atmos Energy Company 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 in 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.
Further Reading: Outstanding Shares and The Effect on Share Price
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