Boston Trust Walden Corp lessened its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,927 shares of the utilities provider’s stock after selling 18,518 shares during the quarter. Boston Trust Walden Corp owned 0.20% of Atmos Energy worth $60,021,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in Atmos Energy during the 4th quarter worth approximately $25,000. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $32,000. 90.17% of the stock is owned by institutional investors.
Atmos Energy Trading Up 2.1%
Shares of ATO opened at $176.66 on Friday. Atmos Energy Corporation has a 1-year low of $150.51 and a 1-year high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $175.91 and its 200-day moving average price is $176.77. The firm has a market capitalization of $29.49 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.00 and a beta of 0.60.
Atmos Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s payout ratio is 49.14%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ATO. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. TD Cowen upped their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Mizuho dropped their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Morgan Stanley set a $190.00 target price on Atmos Energy in a research note on Wednesday, June 24th. Finally, Citigroup boosted their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average price target of $183.90.
View Our Latest Analysis on ATO
Atmos Energy Company 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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