Delta Global Management LP bought a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,059 shares of the utilities provider’s stock, valued at approximately $2,571,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Atmos Energy during the fourth quarter worth $233,000. Integrated Wealth Concepts LLC increased its holdings 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 valued at $490,000 after acquiring an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $2,676,000 after acquiring an additional 1,331 shares during the period. Empowered Funds LLC raised its position 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 worth $482,000 after acquiring an additional 245 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 4,088 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Up 1.0%
Shares of NYSE:ATO opened at $188.65 on Monday. The business’s 50-day moving average is $175.09 and its 200 day moving average is $172.37. Atmos Energy Corporation has a 1 year low of $141.59 and a 1 year high of $189.32. The firm has a market capitalization of $31.21 billion, a P/E ratio of 24.50, a P/E/G ratio of 3.26 and a beta of 0.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.13 and a quick ratio of 1.02.
Atmos Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were paid a $1.00 dividend. The ex-dividend date was Monday, February 23rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. Atmos Energy’s dividend payout ratio (DPR) is 51.95%.
Wall Street Analyst Weigh In
ATO has been the topic of a number of recent research reports. Citigroup raised their price objective on Atmos Energy from $163.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Mizuho boosted their target price on shares of Atmos Energy from $170.00 to $180.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a research report on Monday, December 29th. Morgan Stanley set a $192.00 price objective on shares of Atmos Energy in a research report on Friday, February 20th. Finally, UBS Group boosted their price objective on shares of Atmos Energy from $159.00 to $174.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and an average target price of $175.67.
Get Our Latest Stock Analysis on Atmos Energy
Atmos Energy Company 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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