Cibc World Markets Corp Buys 10,917 Shares of Atmos Energy Co. (NYSE:ATO)

Cibc World Markets Corp increased its stake in Atmos Energy Co. (NYSE:ATOFree Report) by 133.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,111 shares of the utilities provider’s stock after purchasing an additional 10,917 shares during the quarter. Cibc World Markets Corp’s holdings in Atmos Energy were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Baker Avenue Asset Management LP raised its stake in shares of Atmos Energy by 984.6% in the third quarter. Baker Avenue Asset Management LP now owns 282 shares of the utilities provider’s stock valued at $30,000 after buying an additional 256 shares during the period. VisionPoint Advisory Group LLC increased its holdings in Atmos Energy by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 152 shares during the last quarter. Global Retirement Partners LLC raised its stake in Atmos Energy by 57.5% in the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 107 shares during the period. GAMMA Investing LLC purchased a new stake in Atmos Energy during the fourth quarter valued at about $46,000. Finally, Criterion Capital Advisors LLC bought a new position in Atmos Energy during the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.6 %

Shares of ATO stock opened at $114.78 on Monday. The company has a market capitalization of $17.32 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.43 and a beta of 0.67. Atmos Energy Co. has a 52-week low of $101.00 and a 52-week high of $125.28. The business’s fifty day moving average is $116.47 and its 200 day moving average is $115.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.36.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.23. The firm had revenue of $1.65 billion for 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 company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. On average, equities research analysts anticipate that Atmos Energy Co. will post 6.75 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 48.28%.

Analysts Set New Price Targets

ATO has been the topic of several research reports. Barclays boosted their price target on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Wells Fargo & Company raised shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $132.00 in a report on Tuesday, May 14th. StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Morgan Stanley boosted their price objective on Atmos Energy from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Finally, Mizuho increased their price objective on Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Atmos Energy currently has an average rating of “Moderate Buy” and an average price target of $129.17.

View Our Latest Report on ATO

Insider Transactions at Atmos Energy

In related news, Director Kim R. Cocklin sold 15,000 shares of the 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 transaction, the director now owns 186,339 shares of the company’s stock, valued at $21,701,039.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were 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 approximately $419,018. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 186,339 shares in the company, valued at approximately $21,701,039.94. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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

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

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