Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,462 shares of the utilities provider’s stock after buying an additional 260 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Atmos Energy were worth $2,742,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of ATO. GQG Partners LLC bought a new stake in shares of Atmos Energy during the 4th quarter valued at about $375,224,000. BlackRock Inc. boosted its stake in Atmos Energy by 7.6% during the 4th quarter. BlackRock Inc. now owns 13,905,648 shares of the utilities provider’s stock valued at $1,456,896,000 after purchasing an additional 987,165 shares during the period. Deutsche Bank AG boosted its stake in Atmos Energy by 31.1% during the 4th quarter. Deutsche Bank AG now owns 3,884,420 shares of the utilities provider’s stock valued at $406,971,000 after purchasing an additional 921,239 shares during the period. Vanguard Group Inc. boosted its stake in Atmos Energy by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 16,962,224 shares of the utilities provider’s stock valued at $2,026,815,000 after purchasing an additional 547,260 shares during the period. Finally, Invesco Ltd. boosted its stake in Atmos Energy by 24.0% during the 1st quarter. Invesco Ltd. now owns 2,756,708 shares of the utilities provider’s stock valued at $329,399,000 after purchasing an additional 533,372 shares during the period. Institutional investors own 90.71% of the company’s stock.
Analyst Upgrades and Downgrades
ATO has been the subject of a number of analyst reports. Credit Suisse Group boosted their target price on shares of Atmos Energy to $131.00 in a research note on Tuesday, August 9th. StockNews.com lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Morgan Stanley reduced their price target on shares of Atmos Energy from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Barclays reduced their price target on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.13.
Atmos Energy Price Performance
Atmos Energy (NYSE:ATO – Get Rating) last released its earnings results on Wednesday, August 3rd. The utilities provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. Atmos Energy had a net margin of 18.57% and a return on equity of 8.73%. During the same quarter last year, the firm earned $0.78 earnings per share. On average, analysts forecast that Atmos Energy Co. will post 5.57 EPS for the current fiscal year.
Atmos Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, August 19th. Atmos Energy’s dividend payout ratio is presently 49.28%.
Atmos Energy Company 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 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.
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