State Board of Administration of Florida Retirement System Lowers Position in Atmos Energy Co. (ATO)

State Board of Administration of Florida Retirement System trimmed its position in shares of Atmos Energy Co. (NYSE:ATO) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,793 shares of the utilities provider’s stock after selling 2,027 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.13% of Atmos Energy worth $13,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATO. BlackRock Inc. increased its stake in Atmos Energy by 2.7% during the third quarter. BlackRock Inc. now owns 11,273,482 shares of the utilities provider’s stock valued at $1,058,693,000 after acquiring an additional 295,395 shares during the period. Victory Capital Management Inc. grew its stake in shares of Atmos Energy by 99.2% in the 3rd quarter. Victory Capital Management Inc. now owns 538,247 shares of the utilities provider’s stock valued at $50,547,000 after purchasing an additional 268,046 shares during the period. Pictet Asset Management Ltd. grew its stake in shares of Atmos Energy by 92.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 536,041 shares of the utilities provider’s stock valued at $50,340,000 after purchasing an additional 257,600 shares during the period. Deutsche Bank AG grew its stake in shares of Atmos Energy by 56.6% in the 3rd quarter. Deutsche Bank AG now owns 578,713 shares of the utilities provider’s stock valued at $54,343,000 after purchasing an additional 209,148 shares during the period. Finally, Magellan Asset Management Ltd grew its stake in shares of Atmos Energy by 8.9% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,089,064 shares of the utilities provider’s stock valued at $196,184,000 after purchasing an additional 170,894 shares during the period. Hedge funds and other institutional investors own 78.23% of the company’s stock.

NYSE:ATO traded down $1.85 during trading hours on Monday, hitting $96.12. 34,146 shares of the stock were exchanged, compared to its average volume of 604,112. Atmos Energy Co. has a twelve month low of $78.75 and a twelve month high of $100.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 0.63. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 3.51 and a beta of 0.23.



Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.05. The company had revenue of $877.78 million for the quarter, compared to the consensus estimate of $969.71 million. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS. On average, equities analysts predict that Atmos Energy Co. will post 4.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 25th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, February 22nd. Atmos Energy’s dividend payout ratio (DPR) is currently 52.50%.

Several research firms have issued reports on ATO. Argus reaffirmed a “buy” rating and set a $101.00 price objective on shares of Atmos Energy in a report on Monday, December 31st. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective on the stock in a report on Monday, December 31st. Bank of America upped their price objective on Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, October 29th. UBS Group downgraded Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price objective on the stock. in a report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Citigroup upped their price objective on Atmos Energy from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Atmos Energy presently has an average rating of “Buy” and a consensus target price of $99.33.

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Atmos Energy Profile

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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