Callan Family Office LLC Invests $393,000 in Atmos Energy Co. (NYSE:ATO)

Callan Family Office LLC acquired a new stake in Atmos Energy Co. (NYSE:ATO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,824 shares of the utilities provider's stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATO. Hartford Funds Management Co LLC boosted its holdings in shares of Atmos Energy by 26.1% during the 4th quarter. Hartford Funds Management Co LLC now owns 6,509 shares of the utilities provider's stock worth $907,000 after purchasing an additional 1,349 shares during the last quarter. Candriam S.C.A. boosted its stake in Atmos Energy by 2.2% during the fourth quarter. Candriam S.C.A. now owns 22,364 shares of the utilities provider's stock worth $3,115,000 after buying an additional 475 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Atmos Energy during the fourth quarter worth $112,002,000. Cullen Frost Bankers Inc. grew its holdings in Atmos Energy by 214.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 629 shares of the utilities provider's stock valued at $88,000 after buying an additional 429 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Atmos Energy by 4.3% in the 4th quarter. Arizona State Retirement System now owns 45,087 shares of the utilities provider's stock worth $6,279,000 after acquiring an additional 1,860 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Atmos Energy Stock Up 2.1 %

Shares of NYSE ATO traded up $3.09 during midday trading on Friday, hitting $150.12. The company's stock had a trading volume of 795,673 shares, compared to its average volume of 829,249. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.43. The firm has a market capitalization of $23.83 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. The business's fifty day simple moving average is $144.79 and its two-hundred day simple moving average is $141.70. Atmos Energy Co. has a 1 year low of $110.97 and a 1 year high of $154.55.

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Atmos Energy (NYSE:ATO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $2.23 EPS for the quarter, beating the consensus estimate of $2.20 by $0.03. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. On average, equities analysts predict that Atmos Energy Co. will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Tuesday, February 25th. Atmos Energy's payout ratio is presently 49.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price objective on shares of Atmos Energy from $148.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Argus raised shares of Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a research note on Friday, December 20th. Bank of America assumed coverage on shares of Atmos Energy in a research report on Friday, December 13th. They set a "buy" rating and a $156.00 price target on the stock. StockNews.com cut Atmos Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Finally, Morgan Stanley cut their target price on Atmos Energy from $145.00 to $143.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Atmos Energy currently has an average rating of "Moderate Buy" and an average price target of $148.75.

Atmos Energy Profile

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.