ProShare Advisors LLC lifted its position in shares of Atmos Energy Co. (NYSE:ATO) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,086 shares of the utilities provider’s stock after purchasing an additional 138,487 shares during the period. ProShare Advisors LLC’s holdings in Atmos Energy were worth $100,973,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit X LLC bought a new position in shares of Atmos Energy during the third quarter valued at about $29,000. NuWave Investment Management LLC lifted its position in shares of Atmos Energy by 136.7% during the fourth quarter. NuWave Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 164 shares in the last quarter. Diversified LLC bought a new position in shares of Atmos Energy during the fourth quarter valued at about $28,000. Meeder Asset Management Inc. lifted its position in shares of Atmos Energy by 71.9% during the third quarter. Meeder Asset Management Inc. now owns 361 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 151 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Atmos Energy by 355.0% during the third quarter. Laurel Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 355 shares in the last quarter. 86.40% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on ATO shares. Morgan Stanley dropped their target price on shares of Atmos Energy from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, February 18th. Zacks Investment Research upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating and set a $83.00 target price on the stock in a research note on Tuesday, October 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.64.
Shares of ATO stock opened at $89.41 on Tuesday. The firm’s 50 day moving average is $90.12 and its 200 day moving average is $95.32. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $11.46 billion, a P/E ratio of 18.21, a PEG ratio of 2.53 and a beta of 0.30. Atmos Energy Co. has a 12 month low of $77.92 and a 12 month high of $118.28.
Atmos Energy (NYSE:ATO) last posted its earnings results on Monday, February 1st. The utilities provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.13. The business had revenue of $914.48 million for the quarter, compared to analyst estimates of $985.11 million. Atmos Energy had a net margin of 21.32% and a return on equity of 9.04%. Atmos Energy’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. On average, equities analysts predict that Atmos Energy Co. will post 5.02 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 8th. Investors of record on Monday, February 22nd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Friday, February 19th. Atmos Energy’s dividend payout ratio (DPR) is presently 52.97%.
Atmos Energy Company Profile
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 in two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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