PNC Financial Services Group Inc. lowered its stake in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 634,002 shares of the utilities provider's stock after selling 2,658 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.41% of Atmos Energy worth $88,297,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Machina Capital S.A.S. acquired a new stake in Atmos Energy during the fourth quarter worth approximately $1,236,000. Edgestream Partners L.P. acquired a new stake in Atmos Energy during the fourth quarter worth approximately $5,177,000. Ashton Thomas Private Wealth LLC raised its holdings in Atmos Energy by 10.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,074 shares of the utilities provider's stock worth $707,000 after purchasing an additional 494 shares in the last quarter. Callan Family Office LLC acquired a new stake in Atmos Energy during the fourth quarter worth approximately $393,000. Finally, Hartford Funds Management Co LLC increased its holdings in shares of Atmos Energy by 26.1% in the 4th quarter. Hartford Funds Management Co LLC now owns 6,509 shares of the utilities provider's stock valued at $907,000 after acquiring an additional 1,349 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Atmos Energy from $145.00 to $143.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. 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 target price 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. Argus raised shares of Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a report on Friday, December 20th. Finally, Mizuho lifted their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $148.75.
Check Out Our Latest Research Report on Atmos Energy
Atmos Energy Stock Performance
NYSE:ATO traded down $1.46 during midday trading on Wednesday, reaching $147.20. The stock had a trading volume of 644,411 shares, compared to its average volume of 913,029. The firm has a fifty day simple moving average of $144.46 and a two-hundred day simple moving average of $141.62. Atmos Energy Co. has a 12-month low of $110.97 and a 12-month high of $154.55. The company has a quick ratio of 1.43, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The stock has a market cap of $23.36 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.94 and a beta of 0.67.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates 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 expect that Atmos Energy Co. will post 7.18 EPS for the current year.
Atmos Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.87 per share. The ex-dividend date was Tuesday, February 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. Atmos Energy's payout ratio is currently 49.57%.
Atmos Energy Profile
(
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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