Unigestion Holding SA lifted its position in Atmos Energy Co. (NYSE:ATO) by 1,522.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,816 shares of the utilities provider’s stock after buying an additional 124,631 shares during the period. Unigestion Holding SA owned approximately 0.12% of Atmos Energy worth $12,473,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. Magellan Asset Management Ltd grew its holdings in shares of Atmos Energy by 12.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after acquiring an additional 211,446 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Atmos Energy by 7.7% in the 2nd quarter. State of Wisconsin Investment Board now owns 187,246 shares of the utilities provider’s stock worth $16,878,000 after acquiring an additional 13,356 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Atmos Energy by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after acquiring an additional 27,722 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Atmos Energy by 59.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 14,490 shares of the utilities provider’s stock worth $1,306,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Atmos Energy in the 2nd quarter worth $491,000. 74.64% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on ATO shares. Seaport Global Securities restated a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a report on Thursday, August 16th. Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Morgan Stanley set a $103.00 price target on Atmos Energy and gave the company a “buy” rating in a report on Thursday, October 11th. Bank of America lifted their price target on Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 29th. Finally, Barclays set a $91.00 price target on Atmos Energy and gave the company a “sell” rating in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Atmos Energy currently has a consensus rating of “Buy” and an average target price of $94.38.
In related news, insider Richard W. Douglas sold 35,000 shares of Atmos Energy stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total transaction of $3,256,400.00. Following the completion of the sale, the insider now owns 6,292 shares of the company’s stock, valued at $585,407.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nancy K. Quinn sold 2,000 shares of Atmos Energy stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total value of $186,100.00. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.
Shares of ATO stock opened at $96.69 on Friday. Atmos Energy Co. has a 1-year low of $76.46 and a 1-year high of $98.40. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.55. The firm has a market cap of $10.75 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.49 and a beta of 0.10.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to analyst estimates of $613.41 million. Atmos Energy’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, equities research analysts anticipate that Atmos Energy Co. will post 4.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be given a dividend of $0.525 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, November 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 2.17%. Atmos Energy’s dividend payout ratio (DPR) is presently 48.50%.
Atmos Energy Company Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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