Cohen & Steers Inc. Has $111.22 Million Holdings in Atmos Energy Corporation (ATO)
Cohen & Steers Inc. raised its holdings in Atmos Energy Corporation (NYSE:ATO) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,326,551 shares of the utilities provider’s stock after acquiring an additional 109,120 shares during the period. Cohen & Steers Inc. owned 1.25% of Atmos Energy worth $111,218,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of ATO. Marshall Wace North America L.P. raised its holdings in Atmos Energy by 575.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after acquiring an additional 344,875 shares during the last quarter. BlackRock Inc. raised its holdings in Atmos Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after acquiring an additional 255,277 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in Atmos Energy by 22.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock valued at $93,578,000 after acquiring an additional 205,735 shares during the last quarter. Vanguard Group Inc. raised its holdings in Atmos Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock valued at $852,294,000 after acquiring an additional 150,691 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Atmos Energy by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 653,063 shares of the utilities provider’s stock worth $54,752,000 after buying an additional 142,352 shares during the last quarter. Institutional investors own 69.96% of the company’s stock.
Shares of Atmos Energy Corporation (NYSE ATO) opened at $91.80 on Friday. The company has a market capitalization of $10,154.83, a price-to-earnings ratio of 24.95, a PEG ratio of 3.68 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79. Atmos Energy Corporation has a twelve month low of $72.02 and a twelve month high of $93.56.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. During the same period last year, the company earned $0.40 EPS. research analysts predict that Atmos Energy Corporation will post 3.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.11%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. Atmos Energy’s dividend payout ratio is 51.87%.
A number of analysts have recently commented on ATO shares. BidaskClub upgraded Atmos Energy from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Argus upped their price objective on Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Goldman Sachs Group restated a “neutral” rating and set a $77.00 price objective (up from $67.00) on shares of Atmos Energy in a report on Friday, September 1st. Finally, J P Morgan Chase & Co upped their price objective on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.80.
Atmos Energy 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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