Dean Capital Investments Management LLC cut its position in shares of Atmos Energy Co. (NYSE:ATO) by 39.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102 shares of the utilities provider’s stock after selling 1,392 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Atmos Energy were worth $239,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in Atmos Energy in the third quarter valued at approximately $342,000. BBVA USA Bancshares Inc. purchased a new stake in Atmos Energy in the third quarter valued at approximately $209,000. Mason Street Advisors LLC grew its holdings in Atmos Energy by 0.9% in the third quarter. Mason Street Advisors LLC now owns 16,840 shares of the utilities provider’s stock valued at $1,918,000 after purchasing an additional 155 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Atmos Energy in the third quarter valued at approximately $533,000. Finally, First Trust Advisors LP grew its holdings in Atmos Energy by 11.1% in the third quarter. First Trust Advisors LP now owns 565,955 shares of the utilities provider’s stock valued at $64,457,000 after purchasing an additional 56,678 shares during the period. Institutional investors and hedge funds own 84.13% of the company’s stock.
In other Atmos Energy news, SVP David J. Park sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $106.92, for a total transaction of $427,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is owned by insiders.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Atmos Energy had a net margin of 17.62% and a return on equity of 9.19%. The company had revenue of $443.68 million during the quarter, compared to the consensus estimate of $582.98 million. During the same period in the previous year, the firm earned $0.41 earnings per share. Atmos Energy’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts anticipate that Atmos Energy Co. will post 4.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.575 per share. This is an increase from Atmos Energy’s previous quarterly dividend of $0.53. This represents a $2.30 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, November 22nd. Atmos Energy’s payout ratio is currently 48.28%.
A number of equities research analysts recently issued reports on ATO shares. Wells Fargo & Co restated a “buy” rating on shares of Atmos Energy in a report on Monday, September 2nd. Goldman Sachs Group started coverage on shares of Atmos Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $121.00 target price for the company. ValuEngine downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price objective on shares of Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Morgan Stanley decreased their price objective on shares of Atmos Energy from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $114.40.
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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