Jones Financial Companies Lllp Sells 102 Shares of Atmos Energy Co. (NYSE:ATO)

Jones Financial Companies Lllp lessened its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322 shares of the utilities provider’s stock after selling 102 shares during the period. Jones Financial Companies Lllp’s holdings in Atmos Energy were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in shares of Atmos Energy by 10.8% during the third quarter. Amalgamated Bank now owns 39,357 shares of the utilities provider’s stock valued at $4,169,000 after acquiring an additional 3,843 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in Atmos Energy by 61.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 5,592 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 2,139 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Atmos Energy by 1.3% in the third quarter. Janney Montgomery Scott LLC now owns 168,144 shares of the utilities provider’s stock worth $17,811,000 after buying an additional 2,223 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Atmos Energy by 1.0% in the third 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Atmos Energy by 5.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,042 shares of the utilities provider’s stock valued at $1,170,000 after buying an additional 559 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ATO shares. Morgan Stanley lifted their target price 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 raised Atmos Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $130.00 to $132.00 in a research report on Tuesday, May 14th. Barclays raised their price target on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Mizuho raised their target price on shares of Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.17.

View Our Latest Stock Analysis on ATO

Atmos Energy Trading Up 0.4 %

Shares of ATO stock opened at $115.45 on Friday. Atmos Energy Co. has a 1 year low of $101.00 and a 1 year high of $125.28. The firm has a fifty day moving average price of $116.56 and a 200-day moving average price of $115.23. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.45 and a beta of 0.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.36 and a quick ratio of 1.22.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 earnings per share. As a group, equities analysts predict that Atmos Energy Co. will post 6.75 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.805 per share. The ex-dividend date is Friday, May 24th. This represents a $3.22 dividend on an annualized basis and a yield of 2.79%. Atmos Energy’s dividend payout ratio is presently 48.28%.

Insider Activity

In related news, Director Diana J. Walters sold 400 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the completion of the sale, 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 is accessible through the SEC website. In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana J. Walters sold 400 shares of Atmos Energy stock in a transaction dated 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 sale, the director now directly owns 3,551 shares in the company, valued at $419,018. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.

Further Reading

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

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