M&G PLC grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 1.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 209,130 shares of the utilities provider’s stock after purchasing an additional 2,951 shares during the period. M&G PLC’s holdings in Atmos Energy were worth $32,624,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of Atmos Energy in the 3rd quarter valued at approximately $1,608,000. Rosenberg Matthew Hamilton grew its stake in shares of Atmos Energy by 474.7% in the third quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock valued at $934,000 after buying an additional 4,932 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of Atmos Energy by 176.7% in the second quarter. Anchor Investment Management LLC now owns 22,612 shares of the utilities provider’s stock valued at $3,895,000 after buying an additional 14,440 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Atmos Energy in the second quarter valued at $720,212,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on ATO shares. Morgan Stanley boosted their target price on shares of Atmos Energy from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Weiss Ratings cut shares of Atmos Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 28th. Wells Fargo & Company reissued an “overweight” rating and issued a $201.00 price objective on shares of Atmos Energy in a research report on Friday. Truist Financial lowered their price objective on shares of Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a research note on Thursday, October 15th. Finally, Argus restated a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $183.36.
View Our Latest Stock Analysis on Atmos Energy
Atmos Energy Trading Up 0.1%
Shares of Atmos Energy stock opened at $173.46 on Tuesday. The business has a fifty day simple moving average of $164.97 and a two-hundred day simple moving average of $174.26. Atmos Energy Corporation has a 1 year low of $154.72 and a 1 year high of $192.51. The company has a market capitalization of $29.31 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.80 and a beta of 0.56. 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 (NYSE:ATO – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.03. Atmos Energy had a net margin of 28.50% and a return on equity of 9.63%. The firm had revenue of $837.00 million during the quarter, compared to analysts’ expectations of $873.77 million. During the same period in the previous year, the business posted $1.07 earnings per share. Research analysts forecast that Atmos Energy Corporation will post 9.10 EPS for the current year.
Atmos Energy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.09 per share. The ex-dividend date is Monday, November 23rd. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from Atmos Energy’s previous quarterly dividend of $1.00. Atmos Energy’s dividend payout ratio is 47.00%.
Atmos Energy Company Profile
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