Amundi Pioneer Asset Management Inc. acquired a new stake in Atmos Energy Co. (NYSE:ATO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 268,786 shares of the utilities provider’s stock, valued at approximately $23,086,000. Amundi Pioneer Asset Management Inc. owned about 0.24% of Atmos Energy as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ATO. Nationwide Fund Advisors grew its position in Atmos Energy by 0.4% in the 3rd quarter. Nationwide Fund Advisors now owns 288,052 shares of the utilities provider’s stock valued at $24,150,000 after acquiring an additional 1,221 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Atmos Energy by 11.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 22,500 shares of the utilities provider’s stock worth $1,886,000 after buying an additional 2,400 shares in the last quarter. Stevens Capital Management LP grew its position in shares of Atmos Energy by 212.5% during the 3rd quarter. Stevens Capital Management LP now owns 17,705 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 12,039 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of Atmos Energy by 3.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 151,433 shares of the utilities provider’s stock worth $12,696,000 after buying an additional 4,806 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Atmos Energy by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 653,063 shares of the utilities provider’s stock worth $54,752,000 after buying an additional 142,352 shares in the last quarter. 72.86% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on ATO. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, December 12th. JPMorgan Chase & Co. dropped their price target on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Bank of America reissued a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. Finally, Argus dropped their price target on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Atmos Energy presently has an average rating of “Hold” and a consensus target price of $84.60.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.27. During the same period in the prior year, the company posted $1.08 EPS. research analysts forecast that Atmos Energy Co. will post 3.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy’s payout ratio is currently 49.36%.
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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