Forsta AP Fonden cut its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,000 shares of the utilities provider’s stock after selling 14,700 shares during the period. Forsta AP Fonden’s holdings in Atmos Energy were worth $10,896,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd boosted its holdings in Atmos Energy by 133.1% in the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock valued at $6,814,000 after purchasing an additional 22,784 shares during the period. TABR Capital Management LLC purchased a new stake in Atmos Energy during the 4th quarter worth about $1,096,000. Calton & Associates Inc. purchased a new stake in Atmos Energy during the 3rd quarter worth about $901,000. Allspring Global Investments Holdings LLC lifted its holdings in Atmos Energy by 12.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock worth $30,853,000 after buying an additional 20,408 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Atmos Energy by 186.6% during the 4th quarter. SG Americas Securities LLC now owns 77,177 shares of the utilities provider’s stock worth $12,937,000 after buying an additional 50,252 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Stock Down 0.1%
ATO opened at $168.96 on Monday. The business’s 50-day simple moving average is $183.33 and its 200-day simple moving average is $177.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. Atmos Energy Corporation has a one year low of $149.98 and a one year high of $192.51. The stock has a market capitalization of $28.20 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be given 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 dividend yield of 2.4%. Atmos Energy’s payout ratio is 49.14%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ATO. TD Cowen lifted their price target on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Barclays lifted their price target on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Truist Financial decreased their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley set a $183.00 price target on Atmos Energy in a report on Thursday, May 21st. Finally, Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $181.90.
Read Our Latest Research Report 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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