Sfmg LLC lifted its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,060,389 shares of the utilities provider’s stock after buying an additional 18,247 shares during the quarter. Atmos Energy makes up 11.9% of Sfmg LLC’s holdings, making the stock its largest holding. Sfmg LLC’s holdings in Atmos Energy were worth $177,753,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Atmos Energy by 1.3% in the fourth 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 increased its stake in shares of Atmos Energy by 3.4% in the third quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock worth $1,872,162,000 after acquiring an additional 359,780 shares during the period. State Street Corp increased its stake in shares of Atmos Energy by 3.5% in the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after acquiring an additional 356,942 shares during the period. Geode Capital Management LLC increased its stake 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 worth $703,824,000 after acquiring an additional 78,438 shares during the period. 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 acquiring an additional 84,786 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Stock Down 2.4%
ATO stock opened at $168.96 on Friday. The firm has a market cap of $28.20 billion, a PE ratio of 20.76, a P/E/G ratio of 2.94 and a beta of 0.65. 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 firm’s fifty day moving average is $183.33 and its 200 day moving average is $177.18. Atmos Energy Corporation has a one year low of $149.98 and a one year high of $192.51.
Atmos Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
Analyst Ratings Changes
Several research firms recently commented on ATO. Truist Financial dropped their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Barclays raised their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho dropped their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings lowered shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Atmos Energy currently has a consensus rating of “Hold” and a consensus target price of $181.90.
Read Our Latest Research Report on Atmos Energy
Atmos Energy 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.
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