SeaTown Holdings Pte. Ltd. bought a new position in shares of Atmos Energy Co. (NYSE:ATO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 191,564 shares of the utilities provider’s stock, valued at approximately $20,221,000. Atmos Energy comprises 3.7% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 7th biggest holding.
A number of other hedge funds have also bought and sold shares of ATO. Full Sail Capital LLC acquired a new position in Atmos Energy during the first quarter worth $546,000. Cornerstone Advisors Inc. boosted its position in Atmos Energy by 105.0% during the first quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 146 shares in the last quarter. First Trust Advisors LP boosted its position in Atmos Energy by 9.3% during the second quarter. First Trust Advisors LP now owns 509,277 shares of the utilities provider’s stock worth $53,759,000 after purchasing an additional 43,274 shares in the last quarter. Tortoise Index Solutions LLC boosted its position in Atmos Energy by 0.4% during the first quarter. Tortoise Index Solutions LLC now owns 129,579 shares of the utilities provider’s stock worth $13,338,000 after purchasing an additional 519 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Atmos Energy by 3.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 17,997 shares of the utilities provider’s stock worth $1,853,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.
Shares of NYSE:ATO traded up $0.07 on Tuesday, hitting $108.97. The company had a trading volume of 453,651 shares, compared to its average volume of 680,637. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.44 and a current ratio of 0.56. Atmos Energy Co. has a 52-week low of $87.88 and a 52-week high of $110.93. The business has a 50 day moving average of $107.48. The firm has a market capitalization of $12.83 billion, a P/E ratio of 27.24, a PEG ratio of 3.75 and a beta of 0.22.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The business had revenue of $485.74 million for the quarter, compared to the consensus estimate of $681.16 million. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s revenue was down 13.6% on a year-over-year basis. On average, research analysts predict that Atmos Energy Co. will post 4.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be given a $0.525 dividend. The ex-dividend date is Friday, August 23rd. This represents a $2.10 annualized dividend and a dividend yield of 1.93%. Atmos Energy’s dividend payout ratio is currently 52.50%.
A number of analysts have commented on the company. Wells Fargo & Co assumed coverage on Atmos Energy in a research report on Monday, July 15th. They set an “outperform” rating and a $119.00 target price on the stock. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Atmos Energy currently has an average rating of “Buy” and an average target price of $104.00.
About Atmos Energy
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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