Atmos Energy Co. (NYSE:ATO) Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its holdings in Atmos Energy Co. (NYSE:ATO) by 23.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,115 shares of the utilities provider’s stock after selling 6,206 shares during the quarter. Keybank National Association OH’s holdings in Atmos Energy were worth $2,291,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Energy Income Partners LLC increased its holdings in Atmos Energy by 2.1% in the 2nd quarter. Energy Income Partners LLC now owns 253,817 shares of the utilities provider’s stock worth $26,793,000 after buying an additional 5,103 shares during the period. First Trust Advisors LP grew its stake in shares of Atmos Energy by 9.3% during the 2nd quarter. First Trust Advisors LP now owns 509,277 shares of the utilities provider’s stock worth $53,759,000 after purchasing an additional 43,274 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in shares of Atmos Energy by 74.4% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 7,410 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 3,160 shares during the period. Cibc World Markets Corp grew its stake in shares of Atmos Energy by 108.2% during the 2nd quarter. Cibc World Markets Corp now owns 32,230 shares of the utilities provider’s stock worth $3,402,000 after purchasing an additional 16,751 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of Atmos Energy by 15.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 721 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 96 shares during the period. Institutional investors own 84.04% of the company’s stock.

A number of brokerages have recently commented on ATO. Goldman Sachs Group began coverage on shares of Atmos Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $121.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Atmos Energy in a research note on Monday, September 2nd. Barclays reaffirmed a “sell” rating and set a $103.00 price objective on shares of Atmos Energy in a research note on Wednesday, October 16th. Finally, Mizuho began coverage on shares of Atmos Energy in a research note on Wednesday, October 16th. They set a “neutral” rating and a $114.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Atmos Energy currently has an average rating of “Hold” and a consensus price target of $114.40.

Atmos Energy stock traded down $0.86 during trading on Friday, reaching $107.32. The company had a trading volume of 920,683 shares, compared to its average volume of 887,004. The firm’s 50-day simple moving average is $111.90 and its 200 day simple moving average is $107.49. Atmos Energy Co. has a 1-year low of $87.88 and a 1-year high of $115.19. The firm has a market capitalization of $12.76 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.44 and a current ratio of 0.56.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. The firm had revenue of $443.68 million for the quarter, compared to analysts’ expectations of $582.98 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that Atmos Energy Co. will post 4.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be paid a $0.575 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.30 dividend on an annualized basis and a yield of 2.14%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.53. Atmos Energy’s dividend payout ratio (DPR) is currently 48.28%.

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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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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