State of Tennessee Treasury Department lessened its stake in Atmos Energy Co. (NYSE:ATO) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 347,193 shares of the utilities provider’s stock after selling 17,141 shares during the period. State of Tennessee Treasury Department’s holdings in Atmos Energy were worth $38,837,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund bought a new stake in shares of Atmos Energy in the 4th quarter valued at about $801,000. Catalyst Capital Advisors LLC grew its position in shares of Atmos Energy by 78.6% in the 4th quarter. Catalyst Capital Advisors LLC now owns 5,358 shares of the utilities provider’s stock valued at $599,000 after buying an additional 2,358 shares during the last quarter. Reaves W H & Co. Inc. boosted its position in shares of Atmos Energy by 42.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 457,025 shares of the utilities provider’s stock valued at $51,123,000 after purchasing an additional 137,067 shares in the last quarter. State Street Corp boosted its position in shares of Atmos Energy by 2.6% during the 4th quarter. State Street Corp now owns 8,598,910 shares of the utilities provider’s stock valued at $961,874,000 after purchasing an additional 215,714 shares in the last quarter. Finally, Cambiar Investors LLC boosted its position in shares of Atmos Energy by 12.3% during the 4th quarter. Cambiar Investors LLC now owns 50,636 shares of the utilities provider’s stock valued at $5,664,000 after purchasing an additional 5,566 shares in the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.
Shares of Atmos Energy stock traded up $0.95 on Friday, hitting $120.45. 1,287,152 shares of the company’s stock traded hands, compared to its average volume of 882,707. Atmos Energy Co. has a one year low of $95.52 and a one year high of $119.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.96 and a quick ratio of 0.82. The company has a fifty day moving average of $114.59 and a two-hundred day moving average of $111.05. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 3.53 and a beta of 0.15.
Atmos Energy (NYSE:ATO) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Atmos Energy had a net margin of 18.36% and a return on equity of 9.25%. The business had revenue of $875.56 million for the quarter, compared to the consensus estimate of $978.77 million. During the same quarter in the previous year, the company earned $1.38 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts anticipate that Atmos Energy Co. will post 4.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 24th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, February 21st. Atmos Energy’s dividend payout ratio (DPR) is currently 52.87%.
Several equities research analysts recently commented on ATO shares. Bank of America upgraded Atmos Energy from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Tuesday, January 7th. Morgan Stanley upped their target price on Atmos Energy from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup upped their target price on Atmos Energy from $109.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Finally, UBS Group lowered Atmos Energy from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $118.82.
About Atmos Energy
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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