Candriam S.C.A. decreased its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 85.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,039 shares of the utilities provider’s stock after selling 17,604 shares during the quarter. Candriam S.C.A.’s holdings in Atmos Energy were worth $561,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Atmos Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after acquiring an additional 276,485 shares during the period. Capital International Investors boosted its holdings in Atmos Energy by 8.5% during the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after acquiring an additional 927,986 shares during the period. State Street Corp boosted its holdings in Atmos Energy by 1.5% during the fourth quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock valued at $1,808,117,000 after acquiring an additional 155,836 shares during the period. Geode Capital Management LLC grew its position in shares of Atmos Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after purchasing an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Atmos Energy by 2.3% in the third quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock worth $638,102,000 after purchasing an additional 84,786 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Stock Down 1.9%
Shares of ATO opened at $175.07 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The company has a 50-day simple moving average of $174.16 and a 200-day simple moving average of $177.28. Atmos Energy Corporation has a 52 week low of $153.84 and a 52 week high of $192.51. The firm has a market capitalization of $29.22 billion, a P/E ratio of 21.51, a P/E/G ratio of 3.09 and a beta of 0.60.
Atmos Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company assumed coverage on Atmos Energy in a report on Monday. They issued an “overweight” rating and a $200.00 target price on the stock. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Morgan Stanley set a $190.00 price target on Atmos Energy in a report on Wednesday, June 24th. Finally, Citigroup increased their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and a consensus price target of $186.33.
Get Our Latest Analysis on ATO
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.
Featured Stories
- Five stocks we like better than Atmos Energy
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
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.
