J. Safra Sarasin Holding AG acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,792 shares of the utilities provider’s stock, valued at approximately $2,312,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Atmos Energy during the fourth quarter valued at approximately $233,000. Integrated Wealth Concepts LLC raised its position in Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after buying an additional 308 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Atmos Energy by 8.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after acquiring an additional 1,331 shares in the last quarter. Empowered Funds LLC lifted its stake in Atmos Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 245 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 4,088 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
Atmos Energy Price Performance
Shares of NYSE:ATO opened at $184.49 on Wednesday. The company’s 50-day moving average is $178.81 and its 200 day moving average is $173.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.13. The company has a market capitalization of $30.52 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 3.20 and a beta of 0.74. Atmos Energy Corporation has a fifty-two week low of $141.59 and a fifty-two week high of $190.13.
Atmos Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd. Atmos Energy’s dividend payout ratio is currently 51.95%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Morgan Stanley set a $192.00 target price on shares of Atmos Energy in a research note on Friday, February 20th. Barclays boosted their price target on shares of Atmos Energy from $165.00 to $167.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Mizuho upped their price objective on shares of Atmos Energy from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Monday, December 29th. Finally, UBS Group lifted their target price on shares of Atmos Energy from $159.00 to $174.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Atmos Energy currently has an average rating of “Hold” and a consensus target price of $175.67.
View Our Latest Stock Analysis on ATO
Atmos Energy Company Profile
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.
See Also
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