SG Americas Securities LLC lowered its position in shares of Atmos Energy Co. (NYSE:ATO) by 24.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,668 shares of the utilities provider’s stock after selling 4,408 shares during the period. SG Americas Securities LLC’s holdings in Atmos Energy were worth $1,284,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in shares of Atmos Energy during the third quarter valued at $115,000. Qube Research & Technologies Ltd purchased a new position in shares of Atmos Energy during the second quarter valued at $111,000. Rockland Trust Co. purchased a new position in shares of Atmos Energy during the third quarter valued at $201,000. Carnegie Capital Asset Management LLC purchased a new position in shares of Atmos Energy during the second quarter valued at $209,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atmos Energy during the second quarter valued at $210,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
Several equities analysts have recently commented on the company. Citigroup raised their price target on Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Bank of America raised their price target on Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. Barclays set a $91.00 price objective on Atmos Energy and gave the company a “sell” rating in a research report on Friday, October 12th. Finally, Morgan Stanley set a $103.00 price objective on Atmos Energy and gave the company a “buy” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $96.25.
Shares of ATO stock opened at $98.79 on Friday. Atmos Energy Co. has a 1-year low of $76.46 and a 1-year high of $100.76. The stock has a market cap of $10.97 billion, a P/E ratio of 24.51, a P/E/G ratio of 3.54 and a beta of 0.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.25.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $444.70 million for the quarter, compared to the consensus estimate of $613.41 million. During the same period in the previous year, the business earned $0.34 EPS. Atmos Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Atmos Energy Co. will post 4.28 earnings per share for the current fiscal year.
The business 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. The ex-dividend date is Friday, November 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. This is an increase from Atmos Energy’s previous quarterly dividend of $0.49. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.
Atmos Energy 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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