Pensionfund Sabic acquired a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,700 shares of the utilities provider’s stock, valued at approximately $1,291,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Atmos Energy during the 4th quarter worth $233,000. Integrated Wealth Concepts LLC raised its holdings in shares of Atmos Energy by 10.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after purchasing an additional 1,331 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 245 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in Atmos Energy by 43.9% in the first quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after purchasing an additional 4,088 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
Shares of ATO opened at $181.43 on Wednesday. The company has a market capitalization of $30.02 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.13 and a quick ratio of 1.02. Atmos Energy Corporation has a one year low of $141.59 and a one year high of $190.13. The company’s fifty day moving average price is $177.45 and its 200 day moving average price is $173.27.
Atmos Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were paid a dividend of $1.00 per share. The ex-dividend date was Monday, February 23rd. This represents a $4.00 annualized dividend and a yield of 2.2%. Atmos Energy’s dividend payout ratio is presently 51.95%.
Wall Street Analyst Weigh In
Several research firms have commented on ATO. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a research report on Monday, December 29th. Mizuho boosted their price target on Atmos Energy from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Morgan Stanley set a $192.00 price target on Atmos Energy in a research note on Friday, February 20th. Barclays increased their price objective on Atmos Energy from $165.00 to $167.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Finally, UBS Group raised their price objective on Atmos Energy from $159.00 to $174.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $175.67.
Get Our Latest Stock Report on Atmos Energy
Atmos Energy Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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