State of Michigan Retirement System Trims Position in Atmos Energy Co. (NYSE:ATO)

State of Michigan Retirement System lessened its holdings in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 40.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,010 shares of the utilities provider’s stock after selling 33,200 shares during the quarter. State of Michigan Retirement System’s holdings in Atmos Energy were worth $5,564,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Bancorp lifted its stake in shares of Atmos Energy by 11.8% during the 4th quarter. Fifth Third Bancorp now owns 3,447 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 363 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Atmos Energy by 43.8% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 383,193 shares of the utilities provider’s stock worth $44,412,000 after purchasing an additional 116,716 shares during the period. Caprock Group LLC purchased a new position in shares of Atmos Energy during the 4th quarter worth $307,000. Global Retirement Partners LLC lifted its stake in shares of Atmos Energy by 57.5% during the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 107 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Atmos Energy by 275.0% during the 4th quarter. Blue Trust Inc. now owns 1,110 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 814 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total value of $1,746,900.00. Following the transaction, the director now directly owns 186,339 shares of the company’s stock, valued at $21,701,039.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATO shares. Barclays increased their price target on Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. Finally, Mizuho increased their target price on Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.40.

Get Our Latest Stock Analysis on Atmos Energy

Atmos Energy Trading Down 0.7 %

NYSE:ATO opened at $116.98 on Thursday. The business’s 50-day moving average is $114.72 and its two-hundred day moving average is $113.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. Atmos Energy Co. has a 12 month low of $101.00 and a 12 month high of $125.28. The firm has a market capitalization of $17.65 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.46 and a beta of 0.66.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.01). Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the business earned $1.91 earnings per share. Research analysts predict that Atmos Energy Co. will post 6.59 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 51.11%.

About Atmos Energy

(Free Report)

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.

See Also

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

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