Corient Private Wealth LLC boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 33.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,305 shares of the utilities provider's stock after buying an additional 11,029 shares during the quarter. Corient Private Wealth LLC's holdings in Atmos Energy were worth $6,171,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management UK Ltd. boosted its holdings in shares of Atmos Energy by 33.3% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 8,000 shares of the utilities provider's stock worth $1,114,000 after buying an additional 2,000 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Atmos Energy during the third quarter valued at about $1,897,000. ST Germain D J Co. Inc. grew its position in shares of Atmos Energy by 50.0% in the fourth 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. Chevy Chase Trust Holdings LLC increased its stake in shares of Atmos Energy by 12.4% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 348,988 shares of the utilities provider's stock worth $48,604,000 after purchasing an additional 38,459 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Atmos Energy by 12.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,029 shares of the utilities provider's stock worth $840,000 after purchasing an additional 681 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on ATO shares. LADENBURG THALM/SH SH raised Atmos Energy to a "strong-buy" rating in a report on Monday, March 17th. Morgan Stanley boosted their target price on shares of Atmos Energy from $142.00 to $147.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Argus raised shares of Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 price target for the company in a report on Friday, December 20th. Mizuho boosted their price objective on shares of Atmos Energy from $148.00 to $165.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Bank of America assumed coverage on shares of Atmos Energy in a research note on Friday, December 13th. They issued a "buy" rating and a $156.00 target price for the company. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.15.
Check Out Our Latest Research Report on ATO
Atmos Energy Price Performance
ATO stock traded up $1.76 during trading on Wednesday, hitting $150.10. The company had a trading volume of 633,995 shares, compared to its average volume of 823,097. The company has a fifty day moving average price of $146.66 and a two-hundred day moving average price of $142.95. Atmos Energy Co. has a fifty-two week low of $110.97 and a fifty-two week high of $154.55. The company has a market cap of $23.82 billion, a P/E ratio of 21.38, a P/E/G ratio of 2.94 and a beta of 0.67. The company has a current ratio of 1.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its earnings results on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share for the quarter, topping 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 research analysts expect that Atmos Energy Co. will post 7.18 earnings per share for the current fiscal year.
Atmos Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, February 25th. Atmos Energy's dividend payout ratio (DPR) is currently 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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