Athena Wealth Management LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,755 shares of the utilities provider’s stock, valued at approximately $744,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Rosenberg Matthew Hamilton lifted its position in shares of Atmos Energy by 474.7% in the third quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock worth $934,000 after purchasing an additional 4,932 shares in the last quarter. Bank of America Corp DE acquired a new position in Atmos Energy during the second quarter worth $720,212,000. Opal Capital LLC bought a new position in Atmos Energy in the first quarter valued at $6,154,000. Finally, Entropy Technologies LP bought a new position in Atmos Energy in the first quarter valued at $2,558,000. 90.17% of the stock is owned by institutional investors.
Atmos Energy Stock Performance
NYSE:ATO traded up $0.70 during mid-day trading on Friday, hitting $161.37. The stock had a trading volume of 223,807 shares, compared to its average volume of 1,229,692. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market cap of $27.27 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.58 and a beta of 0.57. The company’s 50 day simple moving average is $165.08 and its 200 day simple moving average is $173.87.
Atmos Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio is 47.62%.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on ATO shares. Jefferies Financial Group cut their price target on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research report on Thursday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Argus restated a “buy” rating and issued a $185.00 price target on shares of Atmos Energy in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $183.58.
View Our Latest Stock Analysis on Atmos Energy
Insiders Place Their Bets
In other Atmos Energy news, Director William Ware purchased 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.
Atmos Energy Company Profile
Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.
Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.
The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.
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