Brooklyn FI LLC Takes $310,000 Position in Atmos Energy Co. (NYSE:ATO)

Brooklyn FI LLC purchased a new position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,176 shares of the utilities provider's stock, valued at approximately $310,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its stake in shares of Atmos Energy by 3.5% in the 4th quarter. CWA Asset Management Group LLC now owns 2,217 shares of the utilities provider's stock valued at $309,000 after purchasing an additional 75 shares in the last quarter. Albert D Mason Inc. raised its holdings in Atmos Energy by 0.8% in the fourth quarter. Albert D Mason Inc. now owns 9,865 shares of the utilities provider's stock valued at $1,374,000 after buying an additional 77 shares during the period. Trust Point Inc. lifted its position in Atmos Energy by 3.2% during the fourth quarter. Trust Point Inc. now owns 2,567 shares of the utilities provider's stock valued at $358,000 after buying an additional 80 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Atmos Energy by 3.7% during the third quarter. OneDigital Investment Advisors LLC now owns 2,307 shares of the utilities provider's stock worth $320,000 after buying an additional 82 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in shares of Atmos Energy by 3.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 2,921 shares of the utilities provider's stock worth $407,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

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Atmos Energy Stock Up 0.7 %

Shares of ATO traded up $0.97 during midday trading on Monday, hitting $149.60. The company had a trading volume of 694,286 shares, compared to its average volume of 822,851. The company has a quick ratio of 1.43, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. Atmos Energy Co. has a 52 week low of $110.97 and a 52 week high of $154.55. The company's 50 day moving average price is $146.29 and its 200 day moving average price is $142.70. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.94 and a beta of 0.67.

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

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $3.48 annualized dividend and a yield of 2.33%. Atmos Energy's payout ratio is 49.57%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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. Bank of America began coverage on Atmos Energy in a research report on Friday, December 13th. They issued a "buy" rating and a $156.00 target price for the company. StockNews.com downgraded Atmos Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Morgan Stanley upped their price target on Atmos Energy from $142.00 to $147.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, LADENBURG THALM/SH SH raised shares of Atmos Energy to a "strong-buy" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.15.

About Atmos Energy

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.