Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in Atmos Energy Co. (NYSE:ATO – Get Rating) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,462 shares of the utilities provider’s stock after buying an additional 260 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Atmos Energy were worth $2,742,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Atmos Energy by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 16,962,224 shares of the utilities provider’s stock valued at $2,026,815,000 after buying an additional 547,260 shares in the last quarter. BlackRock Inc. raised its stake in shares of Atmos Energy by 7.6% in the 4th quarter. BlackRock Inc. now owns 13,905,648 shares of the utilities provider’s stock valued at $1,456,896,000 after buying an additional 987,165 shares in the last quarter. State Street Corp increased its position in shares of Atmos Energy by 5.1% during the 1st quarter. State Street Corp now owns 10,772,352 shares of the utilities provider’s stock worth $1,287,188,000 after purchasing an additional 527,261 shares in the last quarter. GQG Partners LLC increased its position in shares of Atmos Energy by 20.3% during the 1st quarter. GQG Partners LLC now owns 4,310,190 shares of the utilities provider’s stock worth $514,907,000 after purchasing an additional 728,412 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Atmos Energy by 31.1% during the 4th quarter. Deutsche Bank AG now owns 3,884,420 shares of the utilities provider’s stock worth $406,971,000 after purchasing an additional 921,239 shares in the last quarter. Institutional investors and hedge funds own 90.71% of the company’s stock.
Atmos Energy Trading Down 2.3 %
Atmos Energy stock traded down $2.58 during midday trading on Friday, hitting $110.75. 22,029 shares of the stock were exchanged, compared to its average volume of 734,322. The company has a fifty day simple moving average of $115.87 and a two-hundred day simple moving average of $114.94. Atmos Energy Co. has a 52 week low of $85.80 and a 52 week high of $122.96. The stock has a market capitalization of $15.49 billion, a PE ratio of 20.53, a P/E/G ratio of 2.70 and a beta of 0.51. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 0.62.
Atmos Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, August 19th. Atmos Energy’s payout ratio is 49.28%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Atmos Energy from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays lowered their price objective on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. StockNews.com cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Finally, Credit Suisse Group raised their price objective on shares of Atmos Energy to $131.00 in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average target price of $123.13.
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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
- Get a free copy of the StockNews.com research report on Atmos Energy (ATO)
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