APG Asset Management N.V. decreased its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,038 shares of the utilities provider's stock after selling 11,098 shares during the quarter. APG Asset Management N.V.'s holdings in Atmos Energy were worth $4,712,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in Atmos Energy by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 8,000 shares of the utilities provider's stock valued at $1,114,000 after acquiring an additional 2,000 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of 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 worth $42,000 after buying an additional 100 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of Atmos Energy by 12.4% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 348,988 shares of the utilities provider's stock worth $48,604,000 after buying an additional 38,459 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Atmos Energy by 12.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,029 shares of the utilities provider's stock worth $840,000 after buying an additional 681 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Atmos Energy in the fourth quarter valued at approximately $10,319,000. 90.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ATO has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of Atmos Energy from $142.00 to $147.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. StockNews.com cut Atmos Energy from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on Atmos Energy from $164.00 to $166.00 and gave the company an "overweight" rating in a research note on Wednesday. Argus upgraded Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a research report on Friday, December 20th. Finally, LADENBURG THALM/SH SH upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Atmos Energy currently has an average rating of "Moderate Buy" and an average target price of $154.39.
Get Our Latest Stock Report on Atmos Energy
Atmos Energy Stock Up 1.8 %
ATO traded up $2.79 during trading on Thursday, reaching $159.10. The company had a trading volume of 232,773 shares, compared to its average volume of 906,579. The company has a market cap of $25.25 billion, a P/E ratio of 22.63, a PEG ratio of 2.94 and a beta of 0.69. Atmos Energy Co. has a 12 month low of $110.97 and a 12 month high of $159.20. 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 business's fifty day moving average price is $149.77 and its 200 day moving average price is $144.68.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts anticipate that Atmos Energy Co. will post 7.18 EPS for the current year.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Tuesday, February 25th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, February 25th. Atmos Energy's dividend payout ratio is presently 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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