Jupiter Asset Management Ltd. bought a new position in Atmos Energy Co. (NYSE:ATO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 77,057 shares of the utilities provider's stock, valued at approximately $10,732,000.
Other institutional investors have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new position in shares of Atmos Energy in the fourth quarter worth approximately $28,000. Dunhill Financial LLC raised its holdings in Atmos Energy by 1,542.9% in the 3rd quarter. Dunhill Financial LLC now owns 230 shares of the utilities provider's stock worth $32,000 after acquiring an additional 216 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Atmos Energy by 72.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 103 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in Atmos Energy by 50.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 100 shares during the last quarter. Finally, Keystone Financial Group Inc. bought a new stake in shares of Atmos Energy in the 4th quarter worth $79,000. 90.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ATO. Morgan Stanley lowered their price target on Atmos Energy from $145.00 to $143.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Argus upgraded shares of Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a research note on Friday, December 20th. Mizuho raised their price target on Atmos Energy from $148.00 to $165.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Atmos Energy from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Finally, Bank of America assumed coverage on shares of Atmos Energy in a report on Friday, December 13th. They issued a "buy" rating and a $156.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Atmos Energy currently has an average rating of "Moderate Buy" and an average target price of $148.75.
Read Our Latest Report on ATO
Atmos Energy Price Performance
Shares of ATO stock traded down $0.10 on Thursday, hitting $147.06. 811,100 shares of the stock traded hands, compared to its average volume of 910,917. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.43. Atmos Energy Co. has a 52 week low of $110.97 and a 52 week high of $154.55. The firm has a 50 day simple moving average of $144.62 and a two-hundred day simple moving average of $141.66. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.94 and a beta of 0.67.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.03. Atmos Energy had a return on equity of 8.89% and a net margin of 25.90%. As a group, equities research analysts predict that Atmos Energy Co. will post 7.18 earnings per share for the current fiscal year.
Atmos Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were paid a dividend of $0.87 per share. The ex-dividend date was Tuesday, February 25th. This represents a $3.48 annualized dividend and a yield of 2.37%. Atmos Energy's payout ratio is 49.57%.
About Atmos Energy
(
Free Report)
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.
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