J. Safra Sarasin Holding AG reduced its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 32.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,353 shares of the utilities provider’s stock after selling 4,439 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Atmos Energy were worth $1,725,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in ATO. Vanguard Group Inc. lifted its position in shares of Atmos Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after purchasing an additional 276,485 shares during the last quarter. Capital International Investors grew its holdings in Atmos Energy by 8.5% in the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after buying an additional 927,986 shares during the last quarter. State Street Corp increased its position in Atmos Energy by 1.5% in the 4th quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock worth $1,808,117,000 after buying an additional 155,836 shares during the period. Geode Capital Management LLC increased its position in Atmos Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock worth $703,824,000 after buying an additional 78,438 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Atmos Energy by 2.3% during 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 buying an additional 84,786 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.
Atmos Energy Stock Up 1.8%
Shares of ATO stock opened at $179.45 on Tuesday. Atmos Energy Corporation has a one year low of $152.80 and a one year high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The stock has a fifty day moving average price of $174.53 and a 200 day moving average price of $177.16. The stock has a market cap of $29.95 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60.
Atmos Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.
Analyst Ratings Changes
Several research firms have recently weighed in on ATO. Truist Financial reduced their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Atmos Energy in a research report on Monday. They set an “overweight” rating and a $200.00 target price on the stock. Argus cut their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Morgan Stanley set a $190.00 price target on shares of Atmos Energy in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.36.
Get Our Latest Research Report on Atmos Energy
About Atmos Energy
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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