MQS Management LLC acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 3,972 shares of the utilities provider’s stock, valued at approximately $666,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Atmos Energy during the third quarter worth about $25,000. Garner Asset Management Corp acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC increased its stake in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the period. Kingdom Financial Group LLC. acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $26,000. Finally, Princeton Global Asset Management LLC increased its stake in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Trading Up 0.2%
Atmos Energy stock opened at $177.79 on Friday. The firm has a 50 day simple moving average of $184.55 and a 200-day simple moving average of $177.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The stock has a market capitalization of $29.68 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 3.08 and a beta of 0.65. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month high of $192.51.
Atmos Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.
Wall Street Analysts Forecast Growth
ATO has been the topic of several analyst reports. Morgan Stanley set a $183.00 price target on shares of Atmos Energy in a research note on Thursday. Citigroup raised their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial dropped their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Monday. TD Cowen raised their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Barclays raised their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.50.
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.
See Also
- Five stocks we like better than Atmos Energy
- MarketBeat Week in Review – 05/18 – 05/22
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO – Free Report).
Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
