Hsbc Holdings PLC grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 54.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 816,586 shares of the utilities provider’s stock after acquiring an additional 286,406 shares during the quarter. Hsbc Holdings PLC’s holdings in Atmos Energy were worth $136,888,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Atmos Energy during the fourth quarter valued at $233,000. Integrated Wealth Concepts LLC lifted its holdings in Atmos Energy by 10.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after purchasing an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after buying an additional 1,331 shares in the last quarter. Empowered Funds LLC increased its stake in Atmos Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after buying an additional 245 shares during the period. Finally, Woodline Partners LP increased its stake in Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after buying an additional 4,088 shares during the period. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Down 0.1%
Shares of Atmos Energy stock opened at $169.98 on Friday. The stock’s fifty day moving average is $178.50 and its 200-day moving average is $176.45. The firm has a market capitalization of $28.37 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month high of $192.51.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
Wall Street Analysts Forecast Growth
ATO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday. TD Cowen raised their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Weiss Ratings cut Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Morgan Stanley set a $183.00 target price on Atmos Energy in a research report on Thursday, May 21st. Finally, Mizuho decreased their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Atmos Energy currently has a consensus rating of “Hold” and an average target price of $181.90.
Atmos Energy Company 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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