Commonwealth Equity Services LLC lowered its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,301 shares of the utilities provider’s stock after selling 8,059 shares during the period. Commonwealth Equity Services LLC’s holdings in Atmos Energy were worth $3,738,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ATO. Brighton Jones LLC acquired a new stake in shares of Atmos Energy in the fourth quarter worth $233,000. Integrated Wealth Concepts LLC increased its position in shares of Atmos Energy by 10.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Atmos Energy by 8.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after acquiring an additional 1,331 shares in the last quarter. Empowered Funds LLC increased its position in shares of Atmos Energy by 8.5% in the first quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after acquiring an additional 245 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of Atmos Energy by 43.9% in the first quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 4,088 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Trading Down 1.4%
NYSE ATO opened at $167.82 on Tuesday. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The company’s fifty day moving average price is $181.69 and its two-hundred day moving average price is $176.83.
Atmos Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Morgan Stanley set a $183.00 price target on shares of Atmos Energy in a report on Thursday, May 21st. Truist Financial lowered their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, TD Cowen raised their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and a consensus price target of $181.90.
Get Our Latest Analysis on Atmos Energy
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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