Sequoia Financial Advisors LLC acquired a new position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,676 shares of the utilities provider's stock, valued at approximately $233,000.
A number of other hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its stake in Atmos Energy by 3.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,217 shares of the utilities provider's stock valued at $309,000 after acquiring an additional 75 shares in the last quarter. Albert D Mason Inc. grew its holdings in shares of Atmos Energy by 0.8% during the 4th quarter. Albert D Mason Inc. now owns 9,865 shares of the utilities provider's stock valued at $1,374,000 after acquiring an additional 77 shares in the last quarter. Trust Point Inc. grew its holdings in shares of Atmos Energy by 3.2% during the 4th quarter. Trust Point Inc. now owns 2,567 shares of the utilities provider's stock valued at $358,000 after acquiring an additional 80 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Atmos Energy by 3.7% in the third quarter. OneDigital Investment Advisors LLC now owns 2,307 shares of the utilities provider's stock valued at $320,000 after purchasing an additional 82 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its holdings in 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 buying an additional 84 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
Atmos Energy Price Performance
Shares of ATO stock traded up $0.97 during trading hours 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 debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.56. The firm has a market capitalization 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 Co. has a 12 month low of $110.97 and a 12 month high of $154.55. The firm's fifty day moving average is $146.29 and its 200 day moving average is $142.70.
Atmos Energy (NYSE:ATO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $2.23 EPS for the quarter, topping 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, sell-side analysts predict that Atmos Energy Co. will post 7.18 EPS for the current fiscal year.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Tuesday, February 25th. Atmos Energy's dividend payout ratio is 49.57%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on ATO shares. Mizuho raised their price objective on Atmos Energy from $148.00 to $165.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. 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 note on Friday, December 20th. StockNews.com lowered Atmos Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Atmos Energy from $142.00 to $147.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, 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 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.15.
View Our Latest Analysis on ATO
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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