Texas Permanent School Fund grew its position in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,361 shares of the utilities provider’s stock after purchasing an additional 794 shares during the quarter. Texas Permanent School Fund’s holdings in Atmos Energy were worth $2,058,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Truist Financial Corp increased its position in shares of Atmos Energy by 14.2% during the 2nd quarter. Truist Financial Corp now owns 29,841 shares of the utilities provider’s stock valued at $3,344,000 after purchasing an additional 3,707 shares during the last quarter. Huntington National Bank grew its position in Atmos Energy by 13.3% during the 1st quarter. Huntington National Bank now owns 2,550 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Atmos Energy during the 2nd quarter worth approximately $4,395,000. State of Michigan Retirement System grew its position in Atmos Energy by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 72,310 shares of the utilities provider’s stock worth $8,640,000 after acquiring an additional 829 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Atmos Energy by 3.5% during the 1st quarter. Arizona State Retirement System now owns 36,862 shares of the utilities provider’s stock worth $4,405,000 after acquiring an additional 1,252 shares during the last quarter. 90.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ATO has been the subject of several research analyst reports. Seaport Res Ptn reiterated a “neutral” rating on shares of Atmos Energy in a report on Monday, October 24th. Mizuho dropped their price objective on Atmos Energy from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday. Credit Suisse Group increased their price objective on Atmos Energy from $105.00 to $121.00 and gave the stock an “outperform” rating in a report on Monday. Morgan Stanley increased their price objective on Atmos Energy from $111.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, November 11th. Finally, Wells Fargo & Company dropped their price objective on Atmos Energy from $130.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.00.
Insider Buying and Selling at Atmos Energy
Atmos Energy Trading Up 0.9 %
ATO opened at $111.58 on Wednesday. The stock has a market cap of $15.61 billion, a PE ratio of 19.71, a PEG ratio of 2.48 and a beta of 0.55. The company has a quick ratio of 0.75, a current ratio of 0.85 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average of $107.21 and a 200-day moving average of $111.44. Atmos Energy Co. has a 52 week low of $88.96 and a 52 week high of $122.96.
Atmos Energy (NYSE:ATO – Get Rating) last announced its quarterly earnings data on Thursday, November 10th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $722.70 million during the quarter, compared to analysts’ expectations of $659.68 million. Atmos Energy had a return on equity of 8.61% and a net margin of 18.43%. The firm’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. Equities research analysts predict that Atmos Energy Co. will post 5.96 earnings per share for the current fiscal year.
Atmos Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.74 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, November 25th. This represents a $2.96 dividend on an annualized basis and a yield of 2.65%. Atmos Energy’s payout ratio is presently 48.06%.
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 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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