US Bancorp DE Buys 2,217 Shares of Atmos Energy Co. (NYSE:ATO)

US Bancorp DE increased its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,123 shares of the utilities provider’s stock after acquiring an additional 2,217 shares during the quarter. US Bancorp DE’s holdings in Atmos Energy were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Portside Wealth Group LLC grew its position in Atmos Energy by 3.8% during the 4th quarter. Portside Wealth Group LLC now owns 2,462 shares of the utilities provider’s stock worth $285,000 after acquiring an additional 91 shares during the last quarter. Syntax Advisors LLC lifted its holdings in Atmos Energy by 3.6% in the 3rd quarter. Syntax Advisors LLC now owns 2,876 shares of the utilities provider’s stock worth $305,000 after buying an additional 101 shares during the period. D.A. Davidson & CO. lifted its holdings in Atmos Energy by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 10,338 shares of the utilities provider’s stock worth $1,095,000 after buying an additional 103 shares during the period. Global Retirement Partners LLC lifted its holdings in Atmos Energy by 57.5% in the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock worth $33,000 after buying an additional 107 shares during the period. Finally, Bfsg LLC lifted its holdings in Atmos Energy by 1.0% in the 4th quarter. Bfsg LLC now owns 11,220 shares of the utilities provider’s stock worth $1,300,000 after buying an additional 110 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Atmos Energy news, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the sale, the director now directly owns 3,551 shares of the company’s stock, valued at $419,018. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the completion of the transaction, the director now owns 3,551 shares in the company, valued at $419,018. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 186,339 shares of the company’s stock, valued at approximately $21,701,039.94. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Atmos Energy Trading Down 0.4 %

NYSE ATO opened at $115.48 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $125.28. The firm has a market capitalization of $17.42 billion, a PE ratio of 17.31, a P/E/G ratio of 2.45 and a beta of 0.67. The stock’s 50 day moving average is $116.68 and its 200 day moving average is $115.21.

Atmos Energy (NYSE:ATOGet Free Report) last released its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts forecast that Atmos Energy Co. will post 6.75 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be issued a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is 48.28%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ATO shares. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. UBS Group started coverage on Atmos Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $124.00 price objective for the company. Morgan Stanley increased their price objective on Atmos Energy from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Wells Fargo & Company upgraded Atmos Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $130.00 to $132.00 in a report on Tuesday, May 14th. Finally, Barclays lifted their price target on Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $129.17.

View Our Latest Stock Analysis on ATO

Atmos Energy Company Profile

(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.

Further Reading

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

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