Capital Fund Management S.A. Makes New Investment in Atmos Energy Co. (NYSE:ATO)

Capital Fund Management S.A. acquired a new position in Atmos Energy Co. (NYSE:ATOFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 69,607 shares of the utilities provider’s stock, valued at approximately $8,067,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Atmos Energy in the fourth quarter valued at approximately $137,757,000. Vanguard Group Inc. lifted its holdings in shares of Atmos Energy by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 19,347,371 shares of the utilities provider’s stock valued at $2,049,467,000 after acquiring an additional 538,578 shares in the last quarter. Wellington Management Group LLP boosted its position in Atmos Energy by 5.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,990,424 shares of the utilities provider’s stock worth $952,356,000 after purchasing an additional 452,247 shares during the period. Reaves W H & Co. Inc. increased its holdings in Atmos Energy by 281.3% in the 4th quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock valued at $65,208,000 after purchasing an additional 415,054 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Atmos Energy by 47.2% in the third quarter. Royal Bank of Canada now owns 1,191,850 shares of the utilities provider’s stock valued at $126,253,000 after purchasing an additional 382,167 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Stock Up 0.6 %

ATO stock opened at $115.44 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65. The firm has a 50 day simple moving average of $116.43 and a 200-day simple moving average of $115.30. The company has a market capitalization of $17.42 billion, a P/E ratio of 17.31, a PEG ratio of 2.43 and a beta of 0.67. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 EPS. On average, equities research analysts predict that Atmos Energy Co. will post 6.75 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were paid a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, May 24th. Atmos Energy’s payout ratio is currently 48.28%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ATO. Wells Fargo & Company raised Atmos Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $132.00 in a research report on Tuesday, May 14th. Barclays increased their price objective on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group started coverage on shares of Atmos Energy in a research report on Friday, April 12th. They set a “neutral” rating and a $124.00 target price on the stock. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Mizuho boosted their price objective on shares of Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.17.

Check Out Our Latest Report on ATO

Insiders Place Their Bets

In other news, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the completion of the sale, the director now directly owns 3,551 shares in the company, valued at approximately $419,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the sale, the director now owns 186,339 shares of the company’s stock, valued at approximately $21,701,039.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Diana J. Walters sold 400 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the completion of the transaction, the director now directly owns 3,551 shares in the company, valued at approximately $419,018. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

About Atmos Energy

(Free Report)

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 two segments, Distribution, and Pipeline and Storage. 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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