Pensionfund Sabic Takes Position in Atmos Energy Co. (NYSE:ATO)

Pensionfund Sabic bought a new stake in Atmos Energy Co. (NYSE:ATO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,000 shares of the utilities provider’s stock, valued at approximately $1,977,000.

Several other hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Atmos Energy by 14.3% in the 4th quarter. Signaturefd LLC now owns 894 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 112 shares during the period. Meeder Asset Management Inc. raised its holdings in Atmos Energy by 34.6% in the 4th quarter. Meeder Asset Management Inc. now owns 486 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 125 shares during the period. NuWave Investment Management LLC raised its holdings in Atmos Energy by 136.7% in the 4th quarter. NuWave Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 164 shares during the period. Sigma Planning Corp raised its holdings in Atmos Energy by 6.2% in the 4th quarter. Sigma Planning Corp now owns 2,844 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 167 shares during the period. Finally, Amalgamated Bank raised its holdings in Atmos Energy by 2.4% in the 4th quarter. Amalgamated Bank now owns 7,071 shares of the utilities provider’s stock valued at $675,000 after acquiring an additional 168 shares during the period. 86.40% of the stock is currently owned by institutional investors.

Shares of ATO opened at $98.23 on Thursday. Atmos Energy Co. has a 12 month low of $84.59 and a 12 month high of $111.34. The firm’s 50 day moving average is $92.86 and its 200-day moving average is $93.84. The stock has a market capitalization of $12.59 billion, a PE ratio of 20.01, a P/E/G ratio of 2.53 and a beta of 0.30. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Monday, February 1st. The utilities provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.13. The business had revenue of $914.48 million for the quarter, compared to analyst estimates of $985.11 million. Atmos Energy had a net margin of 21.32% and a return on equity of 9.04%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. Equities research analysts predict that Atmos Energy Co. will post 5.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 8th. Investors of record on Monday, February 22nd were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, February 19th. This represents a $2.50 annualized dividend and a dividend yield of 2.55%. Atmos Energy’s dividend payout ratio is 52.97%.

ATO has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Atmos Energy from $106.00 to $111.00 and gave the company an “overweight” rating in a report on Monday, March 29th. Bank of America reissued a “neutral” rating on shares of Atmos Energy in a report on Monday, March 15th. Seaport Global Securities cut shares of Atmos Energy from a “buy” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Morgan Stanley increased their price target on shares of Atmos Energy from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, March 25th. Finally, Mizuho raised shares of Atmos Energy from a “neutral” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, March 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $105.25.

About Atmos Energy

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 in 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.

Further Reading: Retained Earnings

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

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