American International Group Inc. increased its position in shares of Atmos Energy Co. (NYSE:ATO) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,681 shares of the utilities provider’s stock after acquiring an additional 12,145 shares during the period. American International Group Inc. owned approximately 0.21% of Atmos Energy worth $20,071,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC acquired a new position in Atmos Energy during the fourth quarter worth about $105,000. Toronto Dominion Bank grew its holdings in Atmos Energy by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 155 shares during the period. Independence Bank of Kentucky acquired a new position in Atmos Energy during the fourth quarter worth about $112,000. Cerebellum GP LLC acquired a new position in shares of Atmos Energy in the 4th quarter valued at $119,000. Finally, NEXT Financial Group Inc boosted its position in shares of Atmos Energy by 159.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 975 shares during the period. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the company. Argus decreased their price target on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, January 18th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Friday, January 5th. JPMorgan Chase & Co. decreased their price target on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Finally, Barclays set a $80.00 price target on Atmos Energy and gave the company an “underweight” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.60.
Shares of Atmos Energy Co. (ATO) traded up $0.32 during midday trading on Wednesday, reaching $81.34. The company’s stock had a trading volume of 454,095 shares, compared to its average volume of 675,373. Atmos Energy Co. has a 12-month low of $76.46 and a 12-month high of $93.56. The firm has a market cap of $9,002.04, a price-to-earnings ratio of 14.92, a PEG ratio of 2.90 and a beta of 0.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.81 and a quick ratio of 0.64.
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 Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same period last year, the business earned $1.08 EPS. equities research analysts forecast that Atmos Energy Co. will post 3.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.94 annualized dividend and a dividend yield of 2.39%. Atmos Energy’s dividend payout ratio is 35.60%.
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About Atmos Energy
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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