Vista Investment Partners LLC bought a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,404 shares of the utilities provider’s stock, valued at approximately $533,000.
Several other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Bank of America Corp DE lifted its position in shares of Atmos Energy by 11.0% in the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock worth $775,719,000 after purchasing an additional 416,933 shares in the last quarter. Deutsche Bank AG boosted its holdings in Atmos Energy by 1.7% during the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock worth $484,009,000 after purchasing an additional 47,860 shares during the last quarter. Amundi grew its position in Atmos Energy by 40.0% in the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after purchasing an additional 520,828 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Atmos Energy in the second quarter valued at $276,558,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
ATO stock traded up $1.21 during trading hours on Thursday, reaching $160.41. The stock had a trading volume of 341,559 shares, compared to its average volume of 1,225,475. The stock has a 50-day simple moving average of $165.34 and a 200 day simple moving average of $174.01. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The stock has a market capitalization of $27.11 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73.
Atmos Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.5%. Atmos Energy’s dividend payout ratio is currently 47.62%.
Insider Activity
In other Atmos Energy news, Director William Ware bought 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research report on Thursday, October 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Wells Fargo & Company started coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Finally, Truist Financial decreased their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Atmos Energy currently has a consensus rating of “Hold” and an average target price of $183.58.
Read Our Latest Analysis on Atmos Energy
Atmos Energy Company Profile
Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.
Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.
The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.
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