Raymond James Trust N.A. lifted its position in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 35.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,434 shares of the utilities provider’s stock after purchasing an additional 636 shares during the period. Raymond James Trust N.A.’s holdings in Atmos Energy were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in ATO. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Atmos Energy by 3.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,067 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 91 shares during the last quarter. Delta Financial Advisors LLC increased its position in shares of Atmos Energy by 1.2% during the 3rd quarter. Delta Financial Advisors LLC now owns 7,923 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 97 shares during the last quarter. Securian Asset Management Inc. increased its position in shares of Atmos Energy by 0.9% during the 3rd quarter. Securian Asset Management Inc. now owns 11,306 shares of the utilities provider’s stock valued at $1,152,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Atmos Energy by 5.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,141 shares of the utilities provider’s stock worth $240,000 after acquiring an additional 104 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Atmos Energy by 0.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 27,619 shares of the utilities provider’s stock worth $3,096,000 after acquiring an additional 105 shares during the period. 91.03% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have commented on the company. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, December 8th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Atmos Energy in a report on Monday, October 24th. Credit Suisse Group raised their price objective on Atmos Energy from $105.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, November 14th. Mizuho decreased their price objective on Atmos Energy from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, November 14th. Finally, Wells Fargo & Company raised their price objective on Atmos Energy from $123.00 to $132.00 in a report on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $121.71.
Insider Transactions at Atmos Energy
Atmos Energy Price Performance
Shares of Atmos Energy stock opened at $114.74 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.85 and a quick ratio of 0.75. The business’s 50 day simple moving average is $114.69 and its two-hundred day simple moving average is $112.47. The stock has a market capitalization of $16.18 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.59. Atmos Energy Co. has a one year low of $97.71 and a one year high of $122.96.
Atmos Energy (NYSE:ATO – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The business had revenue of $722.70 million for 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 business’s quarterly revenue was up 27.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. Analysts forecast that Atmos Energy Co. will post 5.99 EPS for the current year.
Atmos Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Monday, November 28th were given a $0.74 dividend. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.68. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Friday, November 25th. Atmos Energy’s dividend payout ratio (DPR) is currently 52.30%.
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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