Goldman Sachs Group Inc. lessened its holdings in Atmos Energy Co. (NYSE:ATO) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,195,431 shares of the utilities provider’s stock after selling 111,475 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.08% of Atmos Energy worth $102,675,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of ATO. Deutsche Bank AG raised its holdings in Atmos Energy by 364.1% in the 4th quarter. Deutsche Bank AG now owns 853,459 shares of the utilities provider’s stock valued at $73,298,000 after buying an additional 669,556 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Atmos Energy by 170.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,110 shares of the utilities provider’s stock valued at $49,310,000 after purchasing an additional 362,109 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in Atmos Energy during the 4th quarter valued at approximately $23,086,000. Franklin Resources Inc. increased its position in Atmos Energy by 640.7% during the 4th quarter. Franklin Resources Inc. now owns 232,675 shares of the utilities provider’s stock valued at $19,985,000 after purchasing an additional 201,262 shares during the period. Finally, BlackRock Inc. increased its position 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 purchasing an additional 172,759 shares during the period. Institutional investors and hedge funds own 72.86% of the company’s stock.
Shares of Atmos Energy Co. (NYSE ATO) opened at $81.02 on Wednesday. The company has a market cap of $9,002.04, a P/E ratio of 20.64, a PEG ratio of 2.90 and a beta of 0.33. Atmos Energy Co. has a 52-week low of $76.46 and a 52-week high of $93.56. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67.
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 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s dividend payout ratio is currently 35.60%.
A number of analysts have weighed in on ATO shares. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Tuesday, December 12th. Argus decreased their target price on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their target price 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. Barclays set a $80.00 target price on shares of Atmos Energy and gave the company an “underweight” rating in a research report on Thursday, February 8th. Finally, Bank of America reaffirmed a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $84.60.
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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.
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