Luminus Management LLC acquired a new position in shares of Atmos Energy Co. (NYSE:ATO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 407,081 shares of the utilities provider’s stock, valued at approximately $34,965,000. Atmos Energy comprises 0.7% of Luminus Management LLC’s portfolio, making the stock its 28th largest holding. Luminus Management LLC owned 0.37% of Atmos Energy at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. California State Teachers Retirement System raised its position in shares of Atmos Energy by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 215,294 shares of the utilities provider’s stock valued at $18,492,000 after buying an additional 1,566 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $209,000. Two Sigma Investments LP acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $5,599,000. Two Sigma Advisers LP acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $4,818,000. Finally, Guggenheim Capital LLC raised its position in shares of Atmos Energy by 11.3% in the fourth quarter. Guggenheim Capital LLC now owns 121,536 shares of the utilities provider’s stock valued at $10,438,000 after buying an additional 12,356 shares in the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America reiterated a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. Barclays set a $80.00 price target on shares of Atmos Energy and gave the company an “underweight” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Atmos Energy from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $84.60.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.27. During the same quarter last year, the company earned $1.08 earnings per share. analysts predict that Atmos Energy Co. will post 3.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.94 annualized dividend and a yield of 2.42%. Atmos Energy’s dividend payout ratio is currently 35.60%.
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.
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.