Sfmg LLC Acquires 10,372 Shares of Atmos Energy Co. (NYSE:ATO)

Sfmg LLC raised its holdings in Atmos Energy Co. (NYSE:ATO) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,193,242 shares of the utilities provider’s stock after buying an additional 10,372 shares during the period. Atmos Energy comprises about 16.3% of Sfmg LLC’s holdings, making the stock its largest position. Sfmg LLC owned approximately 0.98% of Atmos Energy worth $133,476,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC grew its stake in shares of Atmos Energy by 25.8% in the 3rd quarter. Signaturefd LLC now owns 551 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 113 shares in the last quarter. Penserra Capital Management LLC grew its position in Atmos Energy by 0.9% in the 3rd quarter. Penserra Capital Management LLC now owns 12,948 shares of the utilities provider’s stock worth $1,474,000 after purchasing an additional 118 shares in the last quarter. World Asset Management Inc grew its position in Atmos Energy by 1.7% in the 3rd quarter. World Asset Management Inc now owns 7,508 shares of the utilities provider’s stock worth $855,000 after purchasing an additional 123 shares in the last quarter. Patton Fund Management Inc. increased its stake in Atmos Energy by 0.5% in the 4th quarter. Patton Fund Management Inc. now owns 31,626 shares of the utilities provider’s stock valued at $3,538,000 after buying an additional 151 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Atmos Energy by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,445 shares of the utilities provider’s stock valued at $4,720,000 after buying an additional 154 shares during the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

ATO traded up $0.72 during midday trading on Monday, reaching $118.31. The company had a trading volume of 632,562 shares, compared to its average volume of 903,043. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.96. The stock has a market cap of $14.38 billion, a PE ratio of 26.53, a P/E/G ratio of 3.51 and a beta of 0.15. Atmos Energy Co. has a 12-month low of $95.09 and a 12-month high of $119.20. The business has a 50-day moving average price of $113.78 and a two-hundred day moving average price of $110.73.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.02). The company had revenue of $875.56 million for the quarter, compared to analysts’ expectations of $978.77 million. Atmos Energy had a return on equity of 9.25% and a net margin of 18.36%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. On average, research analysts anticipate that Atmos Energy Co. will post 4.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. Atmos Energy’s dividend payout ratio (DPR) is 52.87%.

A number of equities analysts have recently weighed in on ATO shares. Bank of America upgraded Atmos Energy from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Tuesday, January 7th. Morgan Stanley increased their price target on Atmos Energy from $113.00 to $118.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group lowered Atmos Energy from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Friday, January 31st. Citigroup boosted their price objective on Atmos Energy from $109.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $118.27.

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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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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