Zimmer Partners LP purchased a new position in Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,025,000 shares of the utilities provider’s stock, valued at approximately $173,927,000. Atmos Energy makes up 4.2% of Zimmer Partners LP’s investment portfolio, making the stock its 8th largest holding. Zimmer Partners LP owned approximately 1.82% of Atmos Energy at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Atmos Energy by 1.8% during the 4th quarter. BlackRock Inc. now owns 9,988,566 shares of the utilities provider’s stock valued at $857,918,000 after acquiring an additional 172,759 shares during the period. Cohen & Steers Inc. lifted its stake in Atmos Energy by 9.0% during the 3rd quarter. Cohen & Steers Inc. now owns 1,326,551 shares of the utilities provider’s stock valued at $111,218,000 after acquiring an additional 109,120 shares during the period. Prudential Financial Inc. lifted its stake in Atmos Energy by 16.6% during the 3rd quarter. Prudential Financial Inc. now owns 978,216 shares of the utilities provider’s stock valued at $82,014,000 after acquiring an additional 139,400 shares during the period. Geode Capital Management LLC lifted its stake in Atmos Energy by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 889,395 shares of the utilities provider’s stock valued at $76,348,000 after acquiring an additional 33,675 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Atmos Energy by 364.1% during the 4th quarter. Deutsche Bank AG now owns 853,459 shares of the utilities provider’s stock valued at $73,298,000 after purchasing an additional 669,556 shares during the last quarter. Institutional investors own 72.86% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. 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. Bank of America reaffirmed a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reduced 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 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 company. Atmos Energy currently has an average rating of “Hold” and an average price target of $84.60.
Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same quarter in the previous year, the business earned $1.08 earnings per share. sell-side analysts expect that Atmos Energy Co. will post 3.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were issued a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s dividend payout ratio is 35.60%.
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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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