Van ECK Associates Corp grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,024 shares of the utilities provider’s stock after purchasing an additional 3,831 shares during the period. Van ECK Associates Corp’s holdings in Atmos Energy were worth $12,235,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in ATO. Brighton Jones LLC purchased a new position in Atmos Energy in the 4th quarter valued at approximately $233,000. Integrated Wealth Concepts LLC increased its holdings in Atmos Energy by 10.8% during the 1st 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. increased its holdings in Atmos Energy by 8.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after purchasing an additional 1,331 shares during the period. Empowered Funds LLC raised its position in Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 245 shares in the last quarter. Finally, Woodline Partners LP raised its position in Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 4,088 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Down 0.2%
Shares of Atmos Energy stock opened at $166.36 on Tuesday. The company has a fifty day simple moving average of $173.31 and a 200-day simple moving average of $178.17. Atmos Energy Corporation has a 12-month low of $160.10 and a 12-month high of $192.51. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.89 and a beta of 0.60.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Atmos Energy’s payout ratio is 47.56%.
Insider Activity at Atmos Energy
In other news, Director William James Ware bought 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently commented on ATO. Wells Fargo & Company began coverage on Atmos Energy in a research report on Monday, July 13th. They set an “overweight” rating and a $200.00 price objective for the company. Mizuho reduced their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Truist Financial lowered their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Morgan Stanley dropped their price objective on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Finally, 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 report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Atmos Energy currently has a consensus rating of “Hold” and an average target price of $187.73.
Get Our Latest Analysis 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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