DnB Asset Management AS Has $7.21 Million Holdings in Atmos Energy Co. (NYSE:ATO)

DnB Asset Management AS boosted its position in shares of Atmos Energy Co. (NYSE:ATOGet Rating) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,307 shares of the utilities provider’s stock after purchasing an additional 1,326 shares during the quarter. DnB Asset Management AS’s holdings in Atmos Energy were worth $7,209,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Veriti Management LLC lifted its holdings in shares of Atmos Energy by 2.2% during the 1st quarter. Veriti Management LLC now owns 3,881 shares of the utilities provider’s stock valued at $464,000 after purchasing an additional 85 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Atmos Energy by 2.2% in the first quarter. Everett Harris & Co. CA now owns 4,008 shares of the utilities provider’s stock valued at $479,000 after buying an additional 86 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Atmos Energy by 2.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,433 shares of the utilities provider’s stock worth $410,000 after acquiring an additional 95 shares in the last quarter. CWM LLC lifted its holdings in shares of Atmos Energy by 10.2% in the first quarter. CWM LLC now owns 1,103 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 102 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Atmos Energy by 0.8% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,446 shares of the utilities provider’s stock worth $1,607,000 after purchasing an additional 111 shares in the last quarter. Institutional investors own 90.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ATO shares. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 2nd. Credit Suisse Group increased their target price on shares of Atmos Energy to $131.00 in a research report on Tuesday, August 9th. Morgan Stanley boosted their target price on shares of Atmos Energy from $129.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. Finally, Barclays reduced their price target on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Atmos Energy has an average rating of “Hold” and a consensus target price of $123.38.

Atmos Energy Stock Down 0.1 %

Shares of NYSE ATO opened at $114.01 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $115.70 and a 200-day moving average of $114.99. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 2.73 and a beta of 0.51. Atmos Energy Co. has a 12 month low of $85.80 and a 12 month high of $122.96.

Atmos Energy (NYSE:ATOGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Atmos Energy had a net margin of 18.57% and a return on equity of 8.73%. During the same period last year, the business posted $0.78 EPS. Sell-side analysts expect that Atmos Energy Co. will post 5.57 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.72 annualized dividend and a dividend yield of 2.39%. Atmos Energy’s dividend payout ratio (DPR) is presently 49.28%.

About Atmos Energy

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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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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

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