Chapin Davis Inc. acquired a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,012 shares of the utilities provider’s stock, valued at approximately $4,539,000. Atmos Energy makes up about 0.9% of Chapin Davis Inc.’s investment portfolio, making the stock its 26th biggest holding.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Atmos Energy in the second quarter worth about $2,624,975,000. Bank of America Corp DE increased its position in Atmos Energy by 11.0% during the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after purchasing an additional 416,933 shares during the period. Deutsche Bank AG increased its position in Atmos Energy by 1.7% during the 4th quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock valued at $484,009,000 after purchasing an additional 47,860 shares during the period. Amundi raised its holdings in shares of Atmos Energy by 40.0% in the 2nd 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 purchased a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $276,558,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Up 0.9%
Atmos Energy stock opened at $160.68 on Friday. The stock has a 50-day moving average of $165.08 and a two-hundred day moving average of $173.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51. The stock has a market cap of $27.15 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57.
Atmos Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Atmos Energy’s dividend payout ratio is presently 47.62%.
Insider Activity
In related news, Director William Ware acquired 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the purchase, the director owned 488 shares of the company’s stock, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.
Wall Street Analyst Weigh In
ATO has been the topic of several research reports. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Truist Financial dropped their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Jefferies Financial Group cut their price target on Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday, October 1st. Argus restated a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and a consensus price target of $183.58.
View Our Latest Research Report on Atmos Energy
About Atmos Energy
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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