Legal & General Group Plc increased its stake in shares of Atmos Energy Co. (NYSE:ATO) by 4.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,736,471 shares of the utilities provider’s stock after purchasing an additional 70,844 shares during the quarter. Legal & General Group Plc owned approximately 1.42% of Atmos Energy worth $172,382,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in Atmos Energy during the 1st quarter worth approximately $28,000. Pinz Capital Management LP bought a new stake in Atmos Energy during the 1st quarter worth approximately $30,000. Americana Partners LLC bought a new stake in Atmos Energy during the 4th quarter worth approximately $44,000. NWK Group Inc. bought a new stake in Atmos Energy during the 4th quarter worth approximately $50,000. Finally, Raab & Moskowitz Asset Management LLC bought a new stake in Atmos Energy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 84.21% of the company’s stock.
NYSE ATO traded down $4.20 on Thursday, hitting $99.54. 17,458 shares of the company were exchanged, compared to its average volume of 1,042,534. The company has a market cap of $12.27 billion, a PE ratio of 21.86, a PEG ratio of 3.09 and a beta of 0.33. Atmos Energy Co. has a 12 month low of $77.92 and a 12 month high of $121.08. The stock has a fifty day moving average of $100.47 and a 200-day moving average of $106.71. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.03. The business had revenue of $977.70 million for the quarter, compared to analyst estimates of $1.18 billion. Atmos Energy had a net margin of 20.02% and a return on equity of 9.35%. Atmos Energy’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. On average, analysts expect that Atmos Energy Co. will post 4.7 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Friday, May 22nd. Atmos Energy’s dividend payout ratio is presently 52.87%.
In related news, Director Frank H. Yoho bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $98.32 per share, with a total value of $98,320.00. 1.36% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on the stock. UBS Group raised shares of Atmos Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $120.00 to $113.00 in a report on Wednesday, April 1st. Morgan Stanley reduced their target price on shares of Atmos Energy from $112.00 to $102.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Mizuho reduced their target price on shares of Atmos Energy from $118.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Finally, Wells Fargo & Co reduced their price objective on shares of Atmos Energy from $131.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Atmos Energy presently has an average rating of “Buy” and a consensus price target of $114.82.
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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