Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Atmos Energy Co. (NYSE:ATO) by 11.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,315 shares of the utilities provider’s stock after selling 2,474 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Atmos Energy were worth $1,659,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in Atmos Energy by 13.6% in the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after buying an additional 155 shares in the last quarter. Comerica Bank lifted its stake in shares of Atmos Energy by 0.7% during the 3rd quarter. Comerica Bank now owns 87,963 shares of the utilities provider’s stock worth $7,648,000 after purchasing an additional 648 shares during the period. Aperio Group LLC lifted its stake in shares of Atmos Energy by 1.2% during the 3rd quarter. Aperio Group LLC now owns 57,404 shares of the utilities provider’s stock worth $4,813,000 after purchasing an additional 678 shares during the period. Jane Street Group LLC lifted its stake in shares of Atmos Energy by 25.1% during the 3rd quarter. Jane Street Group LLC now owns 3,589 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 719 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Atmos Energy by 2.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 38,568 shares of the utilities provider’s stock worth $3,364,000 after purchasing an additional 765 shares during the period. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Co. (ATO) opened at $80.39 on Tuesday. Atmos Energy Co. has a 52 week low of $74.47 and a 52 week high of $93.56. The firm has a market capitalization of $9,000.58, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.30. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is currently 35.60%.
A number of research analysts have weighed in on ATO shares. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Tuesday, December 12th. Argus reduced their price target on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. reduced their price target on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Finally, Barclays set a $80.00 price target on Atmos Energy and gave the stock an “underweight” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.40.
Atmos Energy 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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