Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.45 Million Stake in Atmos Energy Co. (ATO)
Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Atmos Energy Co. (NYSE:ATO) by 22.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,126 shares of the utilities provider’s stock after buying an additional 9,589 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.05% of Atmos Energy worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of Atmos Energy by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock valued at $101,000 after buying an additional 314 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Atmos Energy by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Toronto Dominion Bank raised its position in Atmos Energy by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 155 shares in the last quarter. Huntington National Bank raised its position in Atmos Energy by 50.0% during the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock valued at $124,000 after purchasing an additional 500 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC acquired a new position in Atmos Energy during the second quarter valued at approximately $216,000. Institutional investors own 69.55% of the company’s stock.
Several brokerages have commented on ATO. BidaskClub downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC set a $84.00 price objective on shares of Atmos Energy and gave the company a “sell” rating in a research report on Sunday, August 6th. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Argus boosted their price objective on shares of Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co boosted their price objective on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $85.67.
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Shares of Atmos Energy Co. (NYSE ATO) traded down $0.62 during trading hours on Friday, hitting $89.33. 462,014 shares of the stock traded hands, compared to its average volume of 343,845. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79. Atmos Energy Co. has a 52 week low of $69.57 and a 52 week high of $91.00. The firm has a market capitalization of $9,410.00, a P/E ratio of 24.67, a PEG ratio of 3.65 and a beta of 0.38.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Atmos Energy had a net margin of 7.71% and a return on equity of 3.68%. During the same period in the previous year, the business earned $0.40 EPS. sell-side analysts expect that Atmos Energy Co. will post 3.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.485 dividend. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, November 24th. This represents a $1.94 annualized dividend and a dividend yield of 2.17%. Atmos Energy’s payout ratio is currently 49.86%.
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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