Paloma Partners Management Co boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 48.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,665 shares of the utilities provider’s stock after purchasing an additional 9,339 shares during the quarter. Paloma Partners Management Co’s holdings in Atmos Energy were worth $2,462,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky boosted its stake in Atmos Energy by 7.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock valued at $1,908,000 after purchasing an additional 1,500 shares during the period. Wells Fargo & Company MN lifted its position in shares of Atmos Energy by 14.6% in the 3rd quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock worth $32,370,000 after acquiring an additional 49,231 shares during the period. AMP Capital Investors Ltd lifted its position in shares of Atmos Energy by 19.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 115,757 shares of the utilities provider’s stock worth $9,705,000 after acquiring an additional 18,958 shares during the period. Patten Group Inc. lifted its position in shares of Atmos Energy by 1,403.7% in the 3rd quarter. Patten Group Inc. now owns 78,118 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 72,923 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Atmos Energy by 11.7% in the 3rd quarter. California Public Employees Retirement System now owns 268,404 shares of the utilities provider’s stock worth $22,503,000 after acquiring an additional 28,104 shares during the period. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Shares of Atmos Energy Co. (NYSE ATO) opened at $81.02 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a 52-week low of $76.46 and a 52-week high of $93.56. The company has a market capitalization of $9,002.04, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.33.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.27. During the same period in the prior year, the company posted $1.08 earnings per share. sell-side analysts expect that Atmos Energy Co. will post 3.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.94 annualized dividend and a dividend yield of 2.39%. Atmos Energy’s dividend payout ratio (DPR) is presently 35.60%.
A number of analysts have commented on the company. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, December 12th. JPMorgan Chase & Co. reduced their price objective on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Bank of America reiterated a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. Finally, Argus reduced their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $84.60.
About Atmos Energy
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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