Commonwealth Equity Services Inc Boosts Holdings in Atmos Energy Corporation (ATO)
Commonwealth Equity Services Inc raised its position in Atmos Energy Corporation (NYSE:ATO) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,537 shares of the utilities provider’s stock after purchasing an additional 1,505 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Atmos Energy were worth $1,302,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Atmos Energy by 298.1% during the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock worth $3,208,000 after acquiring an additional 28,960 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Atmos Energy by 12.8% during the second quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock worth $69,580,000 after acquiring an additional 95,248 shares during the last quarter. Legal & General Group Plc raised its position in shares of Atmos Energy by 5.3% during the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock worth $39,181,000 after acquiring an additional 23,724 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Atmos Energy by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock worth $7,060,000 after acquiring an additional 1,772 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Atmos Energy by 4.2% during the second quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock worth $31,836,000 after acquiring an additional 15,400 shares during the last quarter. Hedge funds and other institutional investors own 69.79% of the company’s stock.
A number of equities analysts have recently issued reports on ATO shares. Argus raised their price objective on Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group Inc restated a “neutral” rating and set a $77.00 price objective (up from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co raised their price objective on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. One research 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. The company presently has an average rating of “Hold” and a consensus price target of $86.80.
Shares of Atmos Energy Corporation (NYSE ATO) opened at $88.72 on Monday. Atmos Energy Corporation has a one year low of $69.57 and a one year high of $91.00. The company has a market capitalization of $9,414.35, a P/E ratio of 24.17, a P/E/G ratio of 3.56 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53.
Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. During the same period last year, the firm posted $0.40 EPS. analysts forecast that Atmos Energy Corporation will post 3.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, November 24th. This represents a $1.94 annualized dividend and a yield of 2.19%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. Atmos Energy’s dividend payout ratio (DPR) is currently 48.13%.
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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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