Rhumbline Advisers Boosts Stake in Atmos Energy Co. (NYSE:ATO)

Rhumbline Advisers raised its position in Atmos Energy Co. (NYSE:ATOGet Rating) by 14.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,331 shares of the utilities provider’s stock after buying an additional 30,331 shares during the period. Rhumbline Advisers owned 0.17% of Atmos Energy worth $27,165,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC increased its stake in shares of Atmos Energy by 118.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 243 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 132 shares during the last quarter. Charter Oak Capital Management LLC purchased a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $30,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Atmos Energy during the 1st quarter worth approximately $31,000. Clear Street Markets LLC increased its stake in shares of Atmos Energy by 85.3% during the 2nd quarter. Clear Street Markets LLC now owns 289 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 133 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 90.71% of the company’s stock.

Insider Transactions at Atmos Energy

In other news, VP Richard M. Thomas sold 1,100 shares of Atmos Energy stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $110.37, for a total transaction of $121,407.00. Following the completion of the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $319,079.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Atmos Energy Stock Up 0.9 %

Shares of NYSE:ATO opened at $118.58 on Thursday. The firm has a fifty day moving average price of $106.89 and a two-hundred day moving average price of $111.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.75. Atmos Energy Co. has a one year low of $88.96 and a one year high of $122.96. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.63 and a beta of 0.55.

Atmos Energy (NYSE:ATOGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. Atmos Energy had a net margin of 18.43% and a return on equity of 8.61%. The firm had revenue of $722.70 million during the quarter, compared to the consensus estimate of $659.68 million. During the same period last year, the firm earned $0.37 EPS. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. Analysts anticipate that Atmos Energy Co. will post 5.96 EPS for the current fiscal year.

Atmos Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.74 per share. This is an increase from Atmos Energy’s previous quarterly dividend of $0.68. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, November 25th. Atmos Energy’s payout ratio is currently 48.06%.

Analyst Ratings Changes

ATO has been the subject of several research analyst reports. Seaport Res Ptn restated a “neutral” rating on shares of Atmos Energy in a research note on Monday, October 24th. StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, November 18th. Mizuho cut their price objective on shares of Atmos Energy from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, November 14th. Wells Fargo & Company cut their price objective on shares of Atmos Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Finally, Morgan Stanley raised their price objective on shares of Atmos Energy from $111.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Atmos Energy presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Atmos Energy Profile

(Get Rating)

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 through 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.

See Also

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATOGet Rating).

Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.