Sei Investments Co. cut its position in Atmos Energy Corporation (NYSE:ATO) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,098 shares of the utilities provider’s stock after selling 3,255 shares during the quarter. Sei Investments Co. owned about 0.25% of Atmos Energy Corporation worth $21,943,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in Atmos Energy Corporation by 1.1% in the 3rd quarter. Swiss National Bank now owns 387,900 shares of the utilities provider’s stock valued at $32,522,000 after purchasing an additional 4,100 shares during the period. Principal Financial Group Inc. boosted its stake in Atmos Energy Corporation by 27.9% in the 3rd quarter. Principal Financial Group Inc. now owns 653,063 shares of the utilities provider’s stock valued at $54,752,000 after purchasing an additional 142,352 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Atmos Energy Corporation by 3.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 39,415 shares of the utilities provider’s stock valued at $3,305,000 after purchasing an additional 1,376 shares during the period. State of Wisconsin Investment Board boosted its stake in Atmos Energy Corporation by 3.3% in the 3rd quarter. State of Wisconsin Investment Board now owns 151,433 shares of the utilities provider’s stock valued at $12,696,000 after purchasing an additional 4,806 shares during the period. Finally, Stevens Capital Management LP boosted its stake in Atmos Energy Corporation by 212.5% in the 3rd quarter. Stevens Capital Management LP now owns 17,705 shares of the utilities provider’s stock valued at $1,484,000 after purchasing an additional 12,039 shares during the period. Institutional investors and hedge funds own 69.55% of the company’s stock.
Several research firms recently issued reports on ATO. BidaskClub downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Argus lifted their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co lifted their price objective on Atmos Energy Corporation from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $85.67.
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Atmos Energy Corporation (NYSE ATO) opened at $89.54 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79. Atmos Energy Corporation has a fifty-two week low of $69.50 and a fifty-two week high of $90.39. The company has a market capitalization of $9,456.81, a price-to-earnings ratio of 24.29, a PEG ratio of 3.59 and a beta of 0.38.
Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. During the same period last year, the firm posted $0.40 EPS. research analysts expect that Atmos Energy Corporation will post 3.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, November 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Atmos Energy Corporation’s previous quarterly dividend of $0.45. Atmos Energy Corporation’s payout ratio is 48.13%.
Atmos Energy Corporation Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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