US Bancorp DE Sells 509 Shares of Atmos Energy Co. (NYSE:ATO)

US Bancorp DE reduced its position in shares of Atmos Energy Co. (NYSE:ATOGet Rating) by 6.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,839 shares of the utilities provider’s stock after selling 509 shares during the quarter. US Bancorp DE’s holdings in Atmos Energy were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Atmos Energy by 4.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,080 shares of the utilities provider’s stock valued at $3,064,000 after buying an additional 1,322 shares during the last quarter. Delta Financial Advisors LLC raised its holdings in Atmos Energy by 1.2% in the 3rd quarter. Delta Financial Advisors LLC now owns 7,923 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 97 shares in the last quarter. Prospera Financial Services Inc raised its holdings in Atmos Energy by 3.5% in the 3rd quarter. Prospera Financial Services Inc now owns 16,905 shares of the utilities provider’s stock worth $1,722,000 after purchasing an additional 574 shares in the last quarter. CWM LLC raised its holdings in Atmos Energy by 150.8% in the 3rd quarter. CWM LLC now owns 3,459 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Atmos Energy in the 3rd quarter worth $3,194,000. 91.03% of the stock is currently owned by institutional investors.

Atmos Energy Stock Performance

Shares of ATO stock opened at $112.04 on Friday. Atmos Energy Co. has a one year low of $97.71 and a one year high of $122.96. The company’s 50-day moving average is $115.05 and its 200 day moving average is $112.46. The company has a market capitalization of $15.80 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.56 and a beta of 0.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.85.

Atmos Energy (NYSE:ATOGet Rating) last announced its quarterly earnings data on Wednesday, November 9th. The utilities provider reported $0.51 EPS 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 company had revenue of $722.70 million for the quarter, compared to the consensus estimate of $659.68 million. During the same period in the prior year, the firm posted $0.37 EPS. Atmos Energy’s revenue for the quarter was up 27.1% on a year-over-year basis. Sell-side analysts expect that Atmos Energy Co. will post 5.99 EPS for the current fiscal 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 issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.64%. 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 dividend payout ratio (DPR) is presently 52.30%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ATO shares. Seaport Res Ptn restated a “neutral” rating on shares of Atmos Energy in a report on Monday, October 24th. Morgan Stanley upped their price objective on shares of Atmos Energy from $120.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. JPMorgan Chase & Co. decreased their price objective on shares of Atmos Energy from $125.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Mizuho reduced their target price on shares of Atmos Energy from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. Finally, Wells Fargo & Company upped their target price on shares of Atmos Energy from $123.00 to $132.00 in a research report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $121.71.

Insider Activity

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

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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