Deutsche Bank AG boosted its holdings in Atmos Energy Co. (NYSE:ATO) by 364.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 853,459 shares of the utilities provider’s stock after buying an additional 669,556 shares during the period. Deutsche Bank AG owned approximately 0.77% of Atmos Energy worth $73,298,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Trustcore Financial Services LLC purchased a new position in Atmos Energy in the 4th quarter valued at approximately $105,000. Independence Bank of Kentucky purchased a new position in Atmos Energy in the 4th quarter valued at approximately $112,000. Cerebellum GP LLC purchased a new position in Atmos Energy in the 4th quarter valued at approximately $119,000. NEXT Financial Group Inc grew its stake in Atmos Energy by 159.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after buying an additional 975 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Atmos Energy by 273.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 72.86% of the company’s stock.
Atmos Energy Co. (NYSE:ATO) opened at $81.13 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $93.56. The company has a market cap of $8,902.18, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.87 and a beta of 0.33.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy’s payout ratio is 35.60%.
A number of research firms recently weighed in on ATO. JPMorgan Chase & Co. reduced their price objective on shares of Atmos Energy from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating and set a $90.00 price objective for the company in a research note on Friday, February 9th. Barclays set a $80.00 price target on shares of Atmos Energy and gave the company an “underweight” rating in a report on Thursday, February 8th. Argus cut their price target on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Finally, Bank of America reissued a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $84.60.
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About Atmos Energy
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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