Sienna Gestion lessened its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 17.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,500 shares of the utilities provider’s stock after selling 11,717 shares during the quarter. Sienna Gestion’s holdings in Atmos Energy were worth $9,477,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Atmos Energy during the fourth quarter worth $331,426,000. Bank of America Corp DE boosted its stake in Atmos Energy by 94.9% in the 2nd quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Atmos Energy by 26,269.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after purchasing an additional 1,029,781 shares during the period. Capital International Investors increased its holdings in Atmos Energy by 8.5% during the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after purchasing an additional 927,986 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Atmos Energy during the 4th quarter worth about $107,729,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
Shares of NYSE ATO opened at $169.46 on Tuesday. The stock has a 50 day moving average price of $180.03 and a 200 day moving average price of $176.63. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The stock has a market capitalization of $28.29 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60.
Atmos Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on ATO shares. Truist Financial cut their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a report on Monday, May 18th. TD Cowen lifted their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $181.90.
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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