Dimensional Fund Advisors LP grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 752,986 shares of the utilities provider’s stock after purchasing an additional 19,588 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Atmos Energy were worth $139,094,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ATO. Garner Asset Management Corp acquired a new position in Atmos Energy in the fourth quarter valued at $25,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares during the period. Kingdom Financial Group LLC. acquired a new stake in Atmos Energy in the 4th quarter worth about $26,000. Princeton Global Asset Management LLC boosted its stake in Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in Atmos Energy in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
Shares of NYSE:ATO opened at $179.24 on Monday. The firm has a market capitalization of $29.92 billion, a PE ratio of 22.02, a P/E/G ratio of 3.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The business has a 50-day moving average of $173.76 and a two-hundred day moving average of $177.75. Atmos Energy Corporation has a 12 month low of $154.23 and a 12 month high of $192.51.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $1.00 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.2%. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday. TD Cowen boosted their target price 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. Morgan Stanley set a $196.00 target price on shares of Atmos Energy in a report on Wednesday. Barclays dropped their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Finally, Citigroup increased their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $186.92.
View Our Latest Report on Atmos Energy
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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