GQG Partners LLC lifted its holdings in Atmos Energy Co. (NYSE:ATO) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 963,057 shares of the utilities provider’s stock after buying an additional 105,860 shares during the period. Atmos Energy makes up approximately 1.2% of GQG Partners LLC’s portfolio, making the stock its 25th biggest holding. GQG Partners LLC’s holdings in Atmos Energy were worth $98,840,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in ATO. Valeo Financial Advisors LLC boosted its stake in shares of Atmos Energy by 1,666.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock worth $27,000 after buying an additional 250 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after buying an additional 146 shares during the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of Atmos Energy in the 1st quarter worth approximately $31,000. Phocas Financial Corp. purchased a new position in shares of Atmos Energy in the 4th quarter worth approximately $35,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Atmos Energy in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.12% of the company’s stock.
NYSE:ATO opened at $104.54 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.21 billion, a P/E ratio of 24.55, a P/E/G ratio of 3.72 and a beta of 0.26. Atmos Energy Co. has a 12 month low of $84.72 and a 12 month high of $105.19.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. Atmos Energy’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. As a group, sell-side analysts expect that Atmos Energy Co. will post 4.32 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were issued a $0.525 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.01%. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.
Separately, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $102.00.
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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 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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