Rosenberg Matthew Hamilton lifted its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 474.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,971 shares of the utilities provider’s stock after purchasing an additional 4,932 shares during the period. Rosenberg Matthew Hamilton’s holdings in Atmos Energy were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the company. Compound Planning Inc. increased its stake in Atmos Energy by 3.7% in the 1st quarter. Compound Planning Inc. now owns 1,716 shares of the utilities provider’s stock worth $317,000 after buying an additional 62 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Atmos Energy by 0.8% in the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after acquiring an additional 65 shares during the period. Root Financial Partners LLC boosted its stake in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 66 shares during the period. Versant Capital Management Inc grew its position in shares of Atmos Energy by 6.3% during the second quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock worth $193,000 after purchasing an additional 66 shares in the last quarter. Finally, Amarillo National Bank grew its position in shares of Atmos Energy by 0.3% during the first quarter. Amarillo National Bank now owns 28,641 shares of the utilities provider’s stock worth $5,291,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Atmos Energy Price Performance
Shares of NYSE ATO traded up $0.90 during midday trading on Monday, reaching $158.07. 857,443 shares of the stock traded hands, compared to its average volume of 1,229,677. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The stock has a market capitalization of $26.71 billion, a PE ratio of 18.82, a P/E/G ratio of 2.55 and a beta of 0.57. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51. The company’s 50 day moving average is $166.51 and its 200 day moving average is $174.58.
Atmos Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s payout ratio is currently 47.56%.
Insider Transactions at Atmos Energy
In related news, Director William Ware bought 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Truist Financial lowered their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley reduced their price objective on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Argus lowered their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Barclays dropped their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and a consensus price target of $183.58.
Get Our Latest Research Report on ATO
Atmos Energy Company Profile
Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.
Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.
The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.
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