Swiss National Bank trimmed its holdings in Atmos Energy Co. (NYSE:ATO) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 502,192 shares of the utilities provider’s stock after selling 5,200 shares during the period. Swiss National Bank’s holdings in Atmos Energy were worth $48,005,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ATO. Morgan Stanley lifted its position in shares of Atmos Energy by 21.5% in the first quarter. Morgan Stanley now owns 2,671,326 shares of the utilities provider’s stock valued at $265,075,000 after buying an additional 472,795 shares during the last quarter. Pendal Group Limited lifted its holdings in Atmos Energy by 27.3% during the 3rd quarter. Pendal Group Limited now owns 1,642,202 shares of the utilities provider’s stock worth $156,978,000 after purchasing an additional 352,052 shares during the last quarter. GQG Partners LLC lifted its holdings in Atmos Energy by 304.7% during the 2nd quarter. GQG Partners LLC now owns 449,193 shares of the utilities provider’s stock worth $44,740,000 after purchasing an additional 338,190 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Atmos Energy by 442.9% during the 2nd quarter. Retirement Systems of Alabama now owns 284,798 shares of the utilities provider’s stock worth $28,360,000 after purchasing an additional 232,335 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in Atmos Energy by 129.9% during the 3rd quarter. Boston Trust Walden Corp now owns 408,590 shares of the utilities provider’s stock worth $39,057,000 after purchasing an additional 230,866 shares during the last quarter. 83.56% of the stock is owned by institutional investors.
ATO has been the subject of several research reports. Mizuho dropped their price target on Atmos Energy from $110.00 to $99.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Bank of America lifted their price objective on Atmos Energy from $112.00 to $116.00 and gave the company a “buy” rating in a report on Monday, August 10th. Morgan Stanley lifted their price objective on Atmos Energy from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Zacks Investment Research raised Atmos Energy from a “sell” rating to a “hold” rating and set a $83.00 price objective for the company in a report on Tuesday, October 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $106.81.
Shares of ATO opened at $95.67 on Friday. Atmos Energy Co. has a 52-week low of $77.92 and a 52-week high of $121.08. The business’s fifty day moving average is $96.30 and its 200-day moving average is $98.90. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.46 and a current ratio of 0.60. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.85 and a beta of 0.29.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Monday, November 16th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Atmos Energy had a return on equity of 9.04% and a net margin of 21.32%. The company had revenue of $474.90 million for the quarter, compared to analyst estimates of $622.98 million. During the same quarter last year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts forecast that Atmos Energy Co. will post 5.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, November 30th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.50 dividend on an annualized basis and a yield of 2.61%. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.58. Atmos Energy’s payout ratio is currently 48.73%.
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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