Capital International Inc. CA boosted its position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 11.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 289,663 shares of the utilities provider’s stock after purchasing an additional 30,080 shares during the period. Capital International Inc. CA owned 0.18% of Atmos Energy worth $48,556,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATO. Garner Asset Management Corp purchased a new position in Atmos Energy during the 4th quarter worth approximately $25,000. JFS Wealth Advisors LLC grew its position in Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 73 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Atmos Energy during the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its position in Atmos Energy by 270.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in Atmos Energy during the 4th quarter worth approximately $32,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Trading Up 1.5%
Shares of NYSE:ATO opened at $170.50 on Friday. The firm has a fifty day moving average of $182.00 and a two-hundred day moving average of $176.87. The firm has a market capitalization of $28.46 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.
Atmos Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmos Energy’s payout ratio is presently 49.14%.
Wall Street Analyst Weigh In
ATO has been the topic of several research analyst reports. Mizuho lowered their price objective 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. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. TD Cowen lifted their target price 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. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Truist Financial decreased their target price on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $181.90.
View Our Latest Stock Report on ATO
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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