Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Atmos Energy Co. (NYSE:ATO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,034 shares of the utilities provider’s stock, valued at approximately $260,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its holdings in shares of Atmos Energy by 298.1% during the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock worth $3,208,000 after purchasing an additional 28,960 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Atmos Energy by 7.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock worth $1,908,000 after purchasing an additional 1,500 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Atmos Energy by 14.6% during the third quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock worth $32,370,000 after purchasing an additional 49,231 shares during the period. AMP Capital Investors Ltd raised its holdings in shares of Atmos Energy by 19.6% during the third quarter. AMP Capital Investors Ltd now owns 115,757 shares of the utilities provider’s stock worth $9,705,000 after purchasing an additional 18,958 shares during the period. Finally, Patten Group Inc. raised its holdings in shares of Atmos Energy by 1,403.7% during the third quarter. Patten Group Inc. now owns 78,118 shares of the utilities provider’s stock worth $436,000 after purchasing an additional 72,923 shares during the period. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Atmos Energy from a “sell” rating to a “hold” rating and set a $90.00 target price on the stock in a report on Friday, February 9th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $87.00 target price (down from $90.00) on shares of Atmos Energy in a report on Thursday, February 8th. Barclays set a $80.00 target price on shares of Atmos Energy and gave the stock an “underweight” rating in a report on Thursday, February 8th. Finally, Argus dropped their target price on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Atmos Energy currently has a consensus rating of “Hold” and a consensus price target of $84.60.
Atmos Energy Co. (ATO) opened at $82.96 on Friday. The company has a market cap of $9,205.08, a PE ratio of 15.22, a PEG ratio of 2.96 and a beta of 0.30. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a 12-month low of $75.07 and a 12-month high of $93.56.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.13 by $0.27. During the same quarter in the prior year, the business posted $1.08 EPS. research analysts expect that Atmos Energy Co. will post 4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.94 annualized dividend and a dividend yield of 2.34%. Atmos Energy’s dividend payout ratio is currently 35.60%.
Atmos Energy Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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