Geode Capital Management LLC increased its stake in shares of Atmos Energy Co. (NYSE:ATO) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,395 shares of the utilities provider’s stock after buying an additional 33,675 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Atmos Energy worth $76,348,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Allianz Asset Management GmbH grew its position in Atmos Energy by 4.6% during the fourth quarter. Allianz Asset Management GmbH now owns 222,137 shares of the utilities provider’s stock worth $19,079,000 after buying an additional 9,771 shares in the last quarter. Amalgamated Bank grew its position in Atmos Energy by 6.2% during the fourth quarter. Amalgamated Bank now owns 20,912 shares of the utilities provider’s stock worth $1,796,000 after buying an additional 1,216 shares in the last quarter. Commerce Bank acquired a new stake in shares of Atmos Energy in the 4th quarter valued at $202,000. Cbre Clarion Securities LLC boosted its holdings in shares of Atmos Energy by 100.9% in the 4th quarter. Cbre Clarion Securities LLC now owns 33,752 shares of the utilities provider’s stock valued at $2,899,000 after purchasing an additional 16,952 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of Atmos Energy by 7.9% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 11,865 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 870 shares in the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.
ATO has been the topic of a number of research analyst reports. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Tuesday, December 12th. Argus reduced their target price on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. JPMorgan Chase & Co. reduced their target price on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Barclays set a $80.00 target price on Atmos Energy and gave the company an “underweight” rating in a report on Thursday, February 8th. Finally, Bank of America reaffirmed a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $84.60.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.27. During the same period in the prior year, the firm earned $1.08 earnings per share. equities research analysts expect that Atmos Energy Co. will post 3.99 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s 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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