Allianz Asset Management GmbH grew its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 17.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 378,566 shares of the utilities provider’s stock after buying an additional 57,410 shares during the period. Allianz Asset Management GmbH owned 0.34% of Atmos Energy worth $35,551,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of ATO. Qube Research & Technologies Ltd acquired a new position in shares of Atmos Energy during the second quarter valued at approximately $111,000. NEXT Financial Group Inc acquired a new position in shares of Atmos Energy during the third quarter valued at approximately $115,000. Rockland Trust Co. acquired a new position in shares of Atmos Energy during the third quarter valued at approximately $201,000. Carnegie Capital Asset Management LLC acquired a new position in shares of Atmos Energy during the second quarter valued at approximately $209,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Atmos Energy during the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 75.32% of the company’s stock.
Atmos Energy stock opened at $95.67 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.16 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.20 and a beta of 0.10. Atmos Energy Co. has a 1 year low of $76.46 and a 1 year high of $100.76.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The business had revenue of $444.70 million during the quarter, compared to analyst estimates of $613.41 million. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. Sell-side analysts predict that Atmos Energy Co. will post 4.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a $0.525 dividend. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $2.10 annualized dividend and a yield of 2.20%. Atmos Energy’s payout ratio is 52.50%.
ATO has been the topic of a number of research analyst reports. Seaport Global Securities reiterated a “buy” rating and set a $98.00 price objective on shares of Atmos Energy in a research note on Thursday, August 16th. Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Morgan Stanley set a $103.00 price objective on shares of Atmos Energy and gave the company a “buy” rating in a research note on Thursday, October 11th. Bank of America raised their price objective on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Finally, Citigroup raised their price objective on shares of Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $96.25.
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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