Cadence Capital Management LLC boosted its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 45.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,036 shares of the utilities provider’s stock after purchasing an additional 1,563 shares during the period. Cadence Capital Management LLC’s holdings in Atmos Energy were worth $422,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in Atmos Energy by 38.1% during the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 314 shares in the last quarter. Toronto Dominion Bank grew its position in Atmos Energy by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 155 shares in the last quarter. NEXT Financial Group Inc grew its position in Atmos Energy by 159.8% during the third 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 in the last quarter. Carnegie Capital Asset Management LLC purchased a new position in Atmos Energy during the second quarter valued at approximately $216,000. Finally, Advisor Partners LLC grew its position in Atmos Energy by 2.6% in the second quarter. Advisor Partners LLC now owns 2,849 shares of the utilities provider’s stock worth $236,000 after acquiring an additional 72 shares in the last quarter. 69.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Atmos Energy Corporation (NYSE:ATO) opened at $91.43 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.53 and a quick ratio of 0.35. The company has a market cap of $10,142.63, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 3.67 and a beta of 0.40. Atmos Energy Corporation has a 1 year low of $70.98 and a 1 year high of $93.56.
Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. During the same quarter in the prior year, the company earned $0.40 earnings per share. sell-side analysts predict that Atmos Energy Corporation will post 3.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.12%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. Atmos Energy’s payout ratio is presently 51.87%.
Several analysts have commented on the stock. BidaskClub raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Argus boosted their target price on shares of Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co boosted their target price on shares of Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $77.00 target price (up from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Atmos Energy has a consensus rating of “Hold” and an average target price of $86.80.
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Atmos Energy Company Profile
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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