Arizona State Retirement System decreased its position in shares of Atmos Energy Co. (NYSE:ATO) by 73.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 22,445 shares of the utilities provider’s stock after selling 61,428 shares during the period. Arizona State Retirement System’s holdings in Atmos Energy were worth $2,310,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Atmos Energy by 20.0% in the 4th quarter. BlackRock Inc. now owns 13,525,109 shares of the utilities provider’s stock worth $1,254,048,000 after purchasing an additional 2,251,627 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Atmos Energy by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 11,741,047 shares of the utilities provider’s stock worth $1,102,603,000 after purchasing an additional 159,027 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Atmos Energy by 9,596.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,233,224 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 4,189,568 shares in the last quarter. FMR LLC boosted its position in shares of Atmos Energy by 68.7% in the 4th quarter. FMR LLC now owns 3,369,172 shares of the utilities provider’s stock worth $312,389,000 after purchasing an additional 1,371,891 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Atmos Energy by 13.1% in the 4th quarter. American Century Companies Inc. now owns 3,186,854 shares of the utilities provider’s stock worth $295,485,000 after purchasing an additional 368,209 shares in the last quarter. Hedge funds and other institutional investors own 79.47% of the company’s stock.
Separately, Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $102.00.
ATO stock opened at $101.92 on Friday. The company has a market capitalization of $11.92 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.25. Atmos Energy Co. has a 12-month low of $84.35 and a 12-month high of $104.07. The company has a current ratio of 0.78, a quick ratio of 0.53 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. As a group, analysts forecast that Atmos Energy Co. will post 4.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a $0.525 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.10 annualized dividend and a yield of 2.06%. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.
About Atmos Energy
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 the regulated natural gas distribution and related sales operations in eight states.
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