Keybank National Association OH reduced its holdings in Atmos Energy Co. (NYSE:ATO) by 11.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 34,092 shares of the utilities provider’s stock after selling 4,309 shares during the quarter. Keybank National Association OH’s holdings in Atmos Energy were worth $3,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NEXT Financial Group Inc acquired a new stake in shares of Atmos Energy during the third quarter worth $115,000. Qube Research & Technologies Ltd acquired a new stake in shares of Atmos Energy during the second quarter worth $111,000. Rockland Trust Co. acquired a new stake in shares of Atmos Energy during the third quarter worth $201,000. Carnegie Capital Asset Management LLC acquired a new stake in shares of Atmos Energy during the second quarter worth $209,000. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Atmos Energy during the second quarter worth $207,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.

NYSE:ATO opened at $97.72 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.25 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 3.53 and a beta of 0.10. Atmos Energy Co. has a 12 month low of $76.46 and a 12 month high of $100.76.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $444.70 million during the quarter, compared to analyst estimates of $613.41 million. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, research analysts anticipate that Atmos Energy Co. will post 4.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, November 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 48.50%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. Seaport Global Securities reiterated a “buy” rating and set a $98.00 price objective on shares of Atmos Energy in a research report on Thursday, August 16th. ValuEngine upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Morgan Stanley set a $103.00 price objective on shares of Atmos Energy and gave the stock a “buy” rating in a research report on Thursday, October 11th. Finally, Barclays set a $91.00 price objective on shares of Atmos Energy and gave the stock a “sell” rating in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $94.38.

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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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

See Also: Initial Public Offering (IPO)

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

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