Caisse DE Depot ET Placement DU Quebec Sells 18,000 Shares of Atmos Energy Co. (ATO)
Caisse DE Depot ET Placement DU Quebec decreased its position in shares of Atmos Energy Co. (NYSE:ATO) by 39.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,384 shares of the utilities provider’s stock after selling 18,000 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Atmos Energy were worth $2,468,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. BlackRock Inc. grew its position in shares of Atmos Energy by 6.4% during the 2nd quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock worth $989,565,000 after buying an additional 661,567 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Atmos Energy during the 1st quarter worth $42,383,000. SPF Beheer BV grew its position in shares of Atmos Energy by 101.5% during the 1st quarter. SPF Beheer BV now owns 872,340 shares of the utilities provider’s stock worth $73,486,000 after buying an additional 439,485 shares in the last quarter. Magellan Asset Management Ltd grew its position in shares of Atmos Energy by 23.0% during the 1st quarter. Magellan Asset Management Ltd now owns 1,706,724 shares of the utilities provider’s stock worth $143,774,000 after buying an additional 319,415 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its position in shares of Atmos Energy by 64.4% during the 1st quarter. Brookfield Asset Management Inc. now owns 744,900 shares of the utilities provider’s stock worth $62,750,000 after buying an additional 291,800 shares in the last quarter. 74.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ATO opened at $94.50 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market cap of $10.41 billion, a P/E ratio of 26.25, a P/E/G ratio of 3.64 and a beta of 0.10. Atmos Energy Co. has a 1-year low of $76.46 and a 1-year high of $94.85.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 27th were paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 53.89%.
In other Atmos Energy news, Director Nancy K. Quinn sold 2,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the sale, the insider now owns 6,292 shares of the company’s stock, valued at $585,407.68. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.
A number of equities analysts have recently issued reports on ATO shares. Citigroup increased their price target on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, June 12th. Morgan Stanley decreased their price objective on Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 13th. Barclays upped their price objective on Atmos Energy from $80.00 to $90.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 11th. Finally, Seaport Global Securities restated a “buy” rating and set a $98.00 price objective on shares of Atmos Energy in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $93.14.
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 regulated natural gas distribution, and related sales and storage operations.
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