Robeco Institutional Asset Management B.V. Raises Holdings in Atmos Energy Co. (NYSE:ATO)

Robeco Institutional Asset Management B.V. grew its position in shares of Atmos Energy Co. (NYSE:ATOGet Rating) by 50.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,374 shares of the utilities provider’s stock after purchasing an additional 9,829 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Atmos Energy were worth $2,992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Atmos Energy by 3.3% during the first quarter. Vanguard Group Inc. now owns 16,962,224 shares of the utilities provider’s stock valued at $2,026,815,000 after purchasing an additional 547,260 shares in the last quarter. State Street Corp grew its position in shares of Atmos Energy by 5.1% during the first quarter. State Street Corp now owns 10,772,352 shares of the utilities provider’s stock valued at $1,287,188,000 after purchasing an additional 527,261 shares in the last quarter. Deutsche Bank AG grew its position in shares of Atmos Energy by 14.9% during the second quarter. Deutsche Bank AG now owns 4,917,780 shares of the utilities provider’s stock valued at $551,284,000 after purchasing an additional 636,809 shares in the last quarter. GQG Partners LLC grew its position in shares of Atmos Energy by 2.4% during the second quarter. GQG Partners LLC now owns 4,415,431 shares of the utilities provider’s stock valued at $495,219,000 after purchasing an additional 105,241 shares in the last quarter. Finally, Invesco Ltd. grew its position in Atmos Energy by 24.0% in the first quarter. Invesco Ltd. now owns 2,756,708 shares of the utilities provider’s stock worth $329,399,000 after acquiring an additional 533,372 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Seaport Res Ptn reiterated a “neutral” rating on shares of Atmos Energy in a research report on Monday, October 24th. Wells Fargo & Company lifted their price target on Atmos Energy from $123.00 to $132.00 in a research report on Wednesday, December 14th. Mizuho dropped their price target on Atmos Energy from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, November 14th. Morgan Stanley lifted their price target on Atmos Energy from $120.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Finally, Credit Suisse Group lifted their price target on Atmos Energy from $105.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $121.71.

Insider Activity

In other news, VP Richard M. Thomas sold 1,100 shares of Atmos Energy stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $110.37, for a total transaction of $121,407.00. Following the completion of the sale, the vice president now owns 2,891 shares of the company’s stock, valued at $319,079.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Atmos Energy Stock Up 2.1 %

Shares of NYSE:ATO opened at $116.73 on Thursday. Atmos Energy Co. has a 1 year low of $97.71 and a 1 year high of $122.96. The business has a 50 day simple moving average of $114.07 and a two-hundred day simple moving average of $112.38. The firm has a market capitalization of $16.46 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.75.

Atmos Energy (NYSE:ATOGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Atmos Energy had a net margin of 18.43% and a return on equity of 8.61%. The firm had revenue of $722.70 million during the quarter, compared to the consensus estimate of $659.68 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 27.1% on a year-over-year basis. On average, equities analysts predict that Atmos Energy Co. will post 5.97 EPS for the current year.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 28th were paid a dividend of $0.74 per share. This represents a $2.96 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Friday, November 25th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.68. Atmos Energy’s payout ratio is currently 52.30%.

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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