Brookfield Asset Management Inc. bought a new stake in Atmos Energy Co. (NYSE:ATO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 453,100 shares of the utilities provider’s stock, valued at approximately $38,917,000. Brookfield Asset Management Inc. owned 0.41% of Atmos Energy as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its holdings in Atmos Energy by 7.1% in 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 buying an additional 1,500 shares during the period. Wells Fargo & Company MN increased its holdings in Atmos Energy by 14.6% in the 3rd quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock valued at $32,370,000 after buying an additional 49,231 shares during the period. AMP Capital Investors Ltd increased its holdings in Atmos Energy by 19.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 115,757 shares of the utilities provider’s stock valued at $9,705,000 after buying an additional 18,958 shares during the period. Patten Group Inc. increased its holdings in Atmos Energy by 1,403.7% in the 3rd quarter. Patten Group Inc. now owns 78,118 shares of the utilities provider’s stock valued at $436,000 after buying an additional 72,923 shares during the period. Finally, California Public Employees Retirement System increased its holdings in 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 valued at $22,503,000 after buying an additional 28,104 shares during the period. 72.84% of the stock is currently owned by hedge funds and other institutional investors.
ATO has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Tuesday, December 12th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $87.00 target price (down from $90.00) on shares of Atmos Energy in a report on Thursday, February 8th. Argus decreased 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. Bank of America reissued a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. Finally, Barclays set a $80.00 target price on shares of Atmos Energy and gave the company an “underweight” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Atmos Energy has an average rating of “Hold” and a consensus price target of $84.60.
Shares of ATO stock opened at $81.27 on Wednesday. The stock has a market cap of $9,194.00, a P/E ratio of 14.91, a P/E/G ratio of 2.96 and a beta of 0.33. 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 1-year low of $76.46 and a 1-year high of $93.56.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.27. During the same quarter in the prior year, the business earned $1.08 EPS. research analysts anticipate that Atmos Energy Co. will post 3.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 35.60%.
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Atmos Energy Company 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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