4,465 Shares in Atmos Energy Co. (NYSE:ATO) Acquired by Taylor Financial Group Inc.

Taylor Financial Group Inc. bought a new position in shares of Atmos Energy Co. (NYSE:ATOFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,465 shares of the utilities provider’s stock, valued at approximately $517,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Reaves W H & Co. Inc. lifted its stake in Atmos Energy by 281.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock worth $65,208,000 after purchasing an additional 415,054 shares during the last quarter. Vest Financial LLC lifted its stake in Atmos Energy by 33.3% during the fourth quarter. Vest Financial LLC now owns 247,048 shares of the utilities provider’s stock worth $28,633,000 after purchasing an additional 61,708 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Atmos Energy by 40.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,696 shares of the utilities provider’s stock worth $2,862,000 after buying an additional 7,141 shares during the period. Mizuho Markets Americas LLC increased its position in Atmos Energy by 57.6% during the fourth quarter. Mizuho Markets Americas LLC now owns 41,621 shares of the utilities provider’s stock worth $4,824,000 after buying an additional 15,205 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in Atmos Energy by 76.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 138,150 shares of the utilities provider’s stock worth $16,012,000 after buying an additional 59,979 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

ATO has been the topic of several research analyst reports. Barclays lifted their price target on Atmos Energy from $121.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group began coverage on Atmos Energy in a research report on Friday, April 12th. They set a “neutral” rating and a $124.00 price target on the stock. StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Mizuho boosted their target price on Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Wells Fargo & Company raised Atmos Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $132.00 in a report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Atmos Energy presently has an average rating of “Moderate Buy” and an average price target of $129.17.

Read Our Latest Report on ATO

Atmos Energy Price Performance

Shares of NYSE:ATO traded down $0.03 on Friday, hitting $116.14. The company had a trading volume of 818,906 shares, compared to its average volume of 914,182. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a 52-week low of $101.00 and a 52-week high of $125.28. The business has a 50 day moving average of $116.37 and a 200 day moving average of $115.34. The company has a market cap of $17.52 billion, a PE ratio of 17.38, a PEG ratio of 2.46 and a beta of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $2.48 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts anticipate that Atmos Energy Co. will post 6.75 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a $0.805 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $3.22 annualized dividend and a dividend yield of 2.77%. Atmos Energy’s dividend payout ratio is currently 48.28%.

Insider Activity

In other news, Director Diana J. Walters sold 400 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the sale, the director now directly owns 3,551 shares in the company, valued at $419,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Diana J. Walters sold 400 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the completion of the transaction, the director now directly owns 3,551 shares in the company, valued at $419,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the completion of the transaction, the director now owns 186,339 shares of the company’s stock, valued at $21,701,039.94. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

About Atmos Energy

(Free Report)

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.

See Also

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

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