Capital International Inc. CA lifted its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 289,663 shares of the utilities provider’s stock after buying an additional 30,080 shares during the quarter. Capital International Inc. CA’s holdings in Atmos Energy were worth $48,556,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Garner Asset Management Corp acquired a new stake in shares of Atmos Energy in the 4th quarter valued at $25,000. JFS Wealth Advisors LLC lifted its stake in shares of Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Atmos Energy in the 4th quarter valued at $26,000. Princeton Global Asset Management LLC lifted its stake in shares of Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of Atmos Energy in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Stock Up 1.5%
Atmos Energy stock opened at $170.50 on Friday. The firm has a market cap of $28.46 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 2.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy Corporation has a fifty-two week low of $149.98 and a fifty-two week high of $192.51. The firm has a fifty day moving average price of $182.00 and a two-hundred day moving average price of $176.87.
Atmos Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s payout ratio is presently 49.14%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on ATO. TD Cowen boosted their target price on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Truist Financial cut their target price on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Barclays boosted their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Citigroup boosted their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $181.90.
Get Our Latest 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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