Sfmg LLC grew its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,059,206 shares of the utilities provider's stock after acquiring an additional 7,501 shares during the quarter. Atmos Energy comprises approximately 11.6% of Sfmg LLC's holdings, making the stock its largest holding. Sfmg LLC owned 0.67% of Atmos Energy worth $147,516,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATO. Noble Wealth Management PBC purchased a new stake in Atmos Energy during the 4th quarter worth approximately $28,000. Dunhill Financial LLC increased its holdings in Atmos Energy by 1,542.9% in the 3rd quarter. Dunhill Financial LLC now owns 230 shares of the utilities provider's stock worth $32,000 after acquiring an additional 216 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 worth $34,000 after purchasing an additional 103 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of Atmos Energy by 50.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider's stock worth $42,000 after purchasing an additional 100 shares in the last quarter. Finally, Keystone Financial Group Inc. purchased a new position in shares of Atmos Energy in the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 90.17% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. LADENBURG THALM/SH SH upgraded Atmos Energy to a "strong-buy" rating in a report on Monday, March 17th. Bank of America started coverage on Atmos Energy in a report on Friday, December 13th. They issued a "buy" rating and a $156.00 target price for the company. Mizuho upped 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. Argus upgraded shares of 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, StockNews.com cut shares of Atmos Energy from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $149.15.
View Our Latest Report on Atmos Energy
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 824,332. The company has a fifty day moving average price of $146.66 and a two-hundred day moving average price of $142.95. 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 Co. has a fifty-two week low of $110.97 and a fifty-two week high of $154.55.
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 (EPS) for the quarter, beating 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. Shareholders of record on Tuesday, February 25th were issued a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $3.48 dividend on an annualized basis and a yield of 2.32%. Atmos Energy's payout ratio is presently 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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