Arbejdsmarkedets Tillaegspension bought a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 139,878 shares of the utilities provider’s stock, valued at approximately $23,448,000.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Atmos Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after buying an additional 276,485 shares in the last quarter. Capital International Investors grew its holdings in shares of Atmos Energy by 3.4% during the third quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock worth $1,872,162,000 after buying an additional 359,780 shares in the last quarter. State Street Corp grew its holdings in shares of Atmos Energy by 3.5% during the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after buying an additional 356,942 shares in the last quarter. Bank of America Corp DE grew 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 in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Atmos Energy by 0.6% during the third quarter. Invesco Ltd. now owns 3,099,360 shares of the utilities provider’s stock worth $529,216,000 after buying an additional 17,022 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Up 0.5%
NYSE ATO opened at $180.78 on Friday. The firm’s 50-day moving average is $185.47 and its two-hundred day moving average is $177.02. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month 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 market capitalization of $30.18 billion, a P/E ratio of 22.21, a PEG ratio of 3.18 and a beta of 0.65.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Atmos Energy’s dividend payout ratio is 49.14%.
Analyst Ratings Changes
Several research analysts have recently weighed in on ATO shares. Barclays boosted their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings cut shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, May 7th. Truist Financial started coverage on shares of Atmos Energy in a research report on Tuesday, April 21st. They set a “hold” rating and a $195.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $182.11.
Get Our Latest Analysis on Atmos Energy
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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