Cullen Frost Bankers Inc. cut its position in shares of Atmos Energy Co. (NYSE:ATO) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,471 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Atmos Energy were worth $1,990,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATO. Invesco Ltd. lifted its stake in Atmos Energy by 153.1% during the second quarter. Invesco Ltd. now owns 2,132,008 shares of the utilities provider’s stock worth $225,055,000 after purchasing an additional 1,289,585 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Atmos Energy during the 2nd quarter worth about $1,734,000. Nuveen Asset Management LLC raised its stake in shares of Atmos Energy by 950.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 765,991 shares of the utilities provider’s stock valued at $80,858,000 after acquiring an additional 693,076 shares in the last quarter. Luminus Management LLC grew its holdings in shares of Atmos Energy by 293.1% during the 2nd quarter. Luminus Management LLC now owns 893,511 shares of the utilities provider’s stock worth $94,319,000 after purchasing an additional 666,193 shares in the last quarter. Finally, Maple Brown Abbott Ltd grew its holdings in shares of Atmos Energy by 36.2% during the 2nd quarter. Maple Brown Abbott Ltd now owns 1,189,883 shares of the utilities provider’s stock worth $125,604,000 after purchasing an additional 316,419 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.
ATO stock traded down $0.97 during trading on Friday, hitting $107.21. The company had a trading volume of 355,925 shares, compared to its average volume of 703,663. The company has a fifty day moving average price of $112.01 and a two-hundred day moving average price of $107.45. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.76 billion, a P/E ratio of 24.65, a P/E/G ratio of 3.33 and a beta of 0.16. Atmos Energy Co. has a fifty-two week low of $87.88 and a fifty-two week high of $115.19.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $443.68 million for the quarter, compared to analyst estimates of $582.98 million. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. Atmos Energy’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts expect that Atmos Energy Co. will post 4.63 earnings per share for the current year.
Several analysts have recently weighed in on the company. ValuEngine lowered Atmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, July 24th. Barclays reissued a “sell” rating and set a $103.00 price objective on shares of Atmos Energy in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Atmos Energy from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Morgan Stanley decreased their price target on Atmos Energy from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $114.50.
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.
See Also: Tariff
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATO).
Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.