Capital International Investors boosted its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,893,826 shares of the utilities provider’s stock after purchasing an additional 927,986 shares during the period. Capital International Investors owned about 7.19% of Atmos Energy worth $1,993,968,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Atmos Energy during the fourth quarter worth $331,426,000. Bank of America Corp DE grew its stake in shares of Atmos Energy by 94.9% in the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Atmos Energy by 26,269.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after purchasing an additional 1,029,781 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Atmos Energy in the fourth quarter worth $107,729,000. Finally, State Street Corp grew its stake in shares of Atmos Energy by 3.5% in the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after purchasing an additional 356,942 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.
Atmos Energy Price Performance
Shares of NYSE:ATO opened at $170.50 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $28.46 billion, a PE ratio of 20.95, a P/E/G ratio of 2.96 and a beta of 0.60. Atmos Energy Corporation has a twelve month low of $149.98 and a twelve month high of $192.51. The company has a 50-day moving average price of $182.00 and a two-hundred day moving average price of $176.87.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s dividend payout ratio is currently 49.14%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on ATO shares. Barclays boosted their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Morgan Stanley set a $183.00 price objective on shares of Atmos Energy in a report on Thursday, May 21st. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen lifted their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Finally, Mizuho dropped their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $181.90.
Check Out Our Latest Report on Atmos Energy
Atmos Energy Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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