Envestnet Asset Management Inc. trimmed its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 568,958 shares of the utilities provider's stock after selling 5,048 shares during the quarter. Envestnet Asset Management Inc. owned 0.36% of Atmos Energy worth $79,239,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in Atmos Energy in the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Atmos Energy by 72.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 103 shares in the last quarter. ST Germain D J Co. Inc. grew its position in shares of Atmos Energy by 50.0% in 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 period. Keystone Financial Group Inc. bought a new stake in Atmos Energy during the 4th quarter worth approximately $79,000. Finally, Parkside Financial Bank & Trust raised its holdings in Atmos Energy by 23.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 598 shares of the utilities provider's stock worth $83,000 after buying an additional 112 shares during the period. 90.17% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Atmos Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Wolfe Research began coverage on Atmos Energy in a report on Monday, March 31st. They set a "peer perform" rating for the company. LADENBURG THALM/SH SH raised Atmos Energy to a "strong-buy" rating in a research note on Monday, March 17th. Argus raised Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Friday, December 20th. Finally, Morgan Stanley lifted their target price on Atmos Energy from $142.00 to $147.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Atmos Energy has an average rating of "Moderate Buy" and a consensus price target of $151.94.
Get Our Latest Research Report on ATO
Atmos Energy Stock Performance
Shares of ATO traded up $2.82 during midday trading on Monday, reaching $154.30. The stock had a trading volume of 81,980 shares, compared to its average volume of 947,135. The company has a current ratio of 1.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The firm has a 50 day simple moving average of $149.02 and a 200-day simple moving average of $144.39. The firm has a market cap of $24.49 billion, a PE ratio of 21.98, a P/E/G ratio of 2.94 and a beta of 0.69. Atmos Energy Co. has a one year low of $110.97 and a one year high of $157.62.
Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Atmos Energy Co. will post 7.18 EPS for the current year.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, February 25th. Atmos Energy's dividend 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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