Rhumbline Advisers raised its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 1.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 352,442 shares of the utilities provider’s stock after purchasing an additional 4,100 shares during the period. Rhumbline Advisers’ holdings in Atmos Energy were worth $60,179,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Atmos Energy in the fourth quarter valued at $233,000. Integrated Wealth Concepts LLC raised its position in shares of Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after acquiring an additional 1,331 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 245 shares during the period. Finally, Woodline Partners LP boosted its position in shares of Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 4,088 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Trading Up 1.1%
NYSE ATO opened at $177.89 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a 52 week low of $141.59 and a 52 week high of $180.65. The business has a 50 day moving average price of $168.73 and a 200-day moving average price of $169.18. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 3.06 and a beta of 0.75.
Atmos Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, February 23rd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is currently 51.95%.
Analysts Set New Price Targets
ATO has been the subject of a number of research analyst reports. Citigroup lifted their target price on Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Monday, December 29th. Mizuho increased their target price on shares of Atmos Energy from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Bank of America restated a “neutral” rating and issued a $185.00 price target (up from $182.00) on shares of Atmos Energy in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $174.33.
View Our Latest Research Report on ATO
Insider Activity at Atmos Energy
In related news, Director Sean Donohue sold 450 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $171.15, for a total value of $77,017.50. Following the sale, the director owned 877 shares in the company, valued at $150,098.55. This represents a 33.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by insiders.
Atmos Energy Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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