Patton Fund Management Inc. lowered its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 27.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,252 shares of the utilities provider’s stock after selling 8,136 shares during the quarter. Atmos Energy makes up approximately 0.7% of Patton Fund Management Inc.’s holdings, making the stock its 29th biggest position. Patton Fund Management Inc.’s holdings in Atmos Energy were worth $3,926,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of ATO. Garner Asset Management Corp acquired a new stake in shares of Atmos Energy during the 4th quarter valued at about $25,000. Kingdom Financial Group LLC. acquired a new position in Atmos Energy in the fourth quarter worth approximately $26,000. JFS Wealth Advisors LLC raised its position in Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Princeton Global Asset Management LLC raised its position in Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Atmos Energy in the fourth quarter valued at approximately $32,000. 90.17% of the stock is owned by institutional investors and hedge funds.
Atmos Energy Stock Down 0.3%
Atmos Energy stock opened at $174.68 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy Corporation has a fifty-two week low of $149.98 and a fifty-two week high of $192.51. The firm has a fifty day moving average price of $176.85 and a two-hundred day moving average price of $176.57. The firm has a market cap of $29.16 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 3.04 and a beta of 0.60.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.
Analysts Set New Price Targets
Several analysts have commented on ATO shares. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 19th. Truist Financial cut their price target on shares of 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 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 shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Barclays increased their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $182.60.
Get Our Latest Report on Atmos Energy
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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