Sei Investments Co. lessened its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 512,825 shares of the utilities provider’s stock after selling 61,274 shares during the quarter. Sei Investments Co.’s holdings in Atmos Energy were worth $94,729,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Atmos Energy in the fourth quarter valued at approximately $233,000. Integrated Wealth Concepts LLC lifted its position in shares of Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after purchasing an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Atmos Energy by 8.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after buying an additional 1,331 shares during the period. Empowered Funds LLC lifted its stake in shares of Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 245 shares during the period. Finally, Woodline Partners LP lifted its stake in shares of Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 4,088 shares during the period. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
Shares of ATO opened at $179.24 on Friday. The firm has a market capitalization of $29.92 billion, a P/E ratio of 22.02, a PEG ratio of 3.09 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 one year low of $154.23 and a one year high of $192.51. The business has a fifty day moving average of $173.76 and a 200 day moving average of $177.67.
Atmos Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ATO. Barclays reduced their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company initiated coverage on shares of Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price for the company. Truist Financial boosted their price target on Atmos Energy from $187.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. Mizuho decreased their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Finally, Weiss Ratings cut shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $186.92.
Read Our Latest Analysis on ATO
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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