Wells Fargo & Company MN Reduces Position in Atmos Energy Co. (ATO)
Wells Fargo & Company MN lowered its stake in Atmos Energy Co. (NYSE:ATO) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 363,029 shares of the utilities provider’s stock after selling 23,067 shares during the period. Wells Fargo & Company MN’s holdings in Atmos Energy were worth $31,181,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in Atmos Energy in the fourth quarter worth approximately $119,000. NEXT Financial Group Inc boosted its holdings in Atmos Energy by 159.8% in the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 975 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Atmos Energy in the third quarter worth approximately $223,000. Engineers Gate Manager LP purchased a new stake in Atmos Energy in the fourth quarter worth approximately $240,000. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Atmos Energy in the fourth quarter worth approximately $258,000. Institutional investors own 72.46% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Tuesday, December 12th. JPMorgan Chase & Co. dropped their target price on shares of Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Bank of America restated a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. Argus dropped their target price on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, January 18th. Finally, Barclays set a $80.00 target price on shares of Atmos Energy and gave the stock an “underweight” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.20.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same quarter in the previous year, the firm posted $1.08 EPS. equities research analysts forecast that Atmos Energy Co. will post 3.99 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, February 23rd. Atmos Energy’s dividend payout ratio is presently 35.60%.
WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dailypolitical.com/2018/03/05/wells-fargo-company-mn-reduces-position-in-atmos-energy-co-ato.html.
About Atmos Energy
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.
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATO).
Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.