Cubist Systematic Strategies LLC Purchases Shares of 28,055 Atmos Energy Corporation (ATO)
Cubist Systematic Strategies LLC purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,055 shares of the utilities provider’s stock, valued at approximately $2,352,000.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Atmos Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock worth $852,294,000 after acquiring an additional 150,691 shares during the last quarter. BlackRock Inc. grew its stake in shares of Atmos Energy by 2.7% during the second quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock worth $799,314,000 after acquiring an additional 255,277 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Atmos Energy by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 1,376,644 shares of the utilities provider’s stock worth $114,193,000 after acquiring an additional 23,431 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of Atmos Energy by 9.0% during the third quarter. Cohen & Steers Inc. now owns 1,326,551 shares of the utilities provider’s stock worth $111,218,000 after acquiring an additional 109,120 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in Atmos Energy by 22.3% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock valued at $93,578,000 after buying an additional 205,735 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.
A number of equities research analysts recently commented on the company. J P Morgan Chase & Co upped their target price on Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group reiterated a “neutral” rating and issued a $77.00 target price (up previously from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. BidaskClub upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday. Finally, Argus upped their target price on Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $89.50.
Shares of Atmos Energy Corporation (NYSE:ATO) opened at $89.96 on Thursday. The company has a market capitalization of $9,901.96, a P/E ratio of 24.33, a P/E/G ratio of 3.32 and a beta of 0.40. Atmos Energy Corporation has a 52-week low of $72.02 and a 52-week high of $93.56. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.53 and a quick ratio of 0.35.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. During the same period in the previous year, the business posted $0.40 earnings per share. equities analysts expect that Atmos Energy Corporation will post 3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were issued a $0.485 dividend. The ex-dividend date of this dividend was Friday, November 24th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a yield of 2.16%. Atmos Energy’s payout ratio is presently 51.87%.
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Atmos Energy Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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