Retirement Systems of Alabama Acquires 566 Shares of Atmos Energy Co. (NYSE:ATO)

Retirement Systems of Alabama grew its holdings in Atmos Energy Co. (NYSE:ATOFree Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,293 shares of the utilities provider’s stock after acquiring an additional 566 shares during the quarter. Retirement Systems of Alabama’s holdings in Atmos Energy were worth $3,958,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Hartline Investment Corp bought a new position in shares of Atmos Energy during the first quarter worth about $462,000. Norden Group LLC bought a new position in shares of Atmos Energy during the first quarter worth about $2,709,000. Van ECK Associates Corp grew its holdings in shares of Atmos Energy by 2.9% during the first quarter. Van ECK Associates Corp now owns 37,095 shares of the utilities provider’s stock worth $4,409,000 after buying an additional 1,048 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Atmos Energy by 7.3% during the first quarter. HB Wealth Management LLC now owns 1,863 shares of the utilities provider’s stock worth $221,000 after buying an additional 126 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Atmos Energy by 34.6% during the first quarter. Vest Financial LLC now owns 332,627 shares of the utilities provider’s stock worth $39,539,000 after buying an additional 85,579 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Atmos Energy from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, June 24th. UBS Group began coverage on Atmos Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $124.00 price target for the company. Barclays raised their price target on Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Mizuho raised their price target on Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $128.67.

Get Our Latest Stock Analysis on Atmos Energy

Atmos Energy Stock Down 0.5 %

ATO stock opened at $114.62 on Friday. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $125.28. The company has a market cap of $17.29 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.42 and a beta of 0.67. The business has a 50 day moving average price of $116.52 and a two-hundred day moving average price of $115.59. 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 (NYSE:ATOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $2.48 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Analysts anticipate that Atmos Energy Co. will post 6.78 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a $0.805 dividend. The ex-dividend date was Friday, May 24th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.81%. Atmos Energy’s payout ratio is 48.28%.

Insider Activity

In related news, Director Diana J. Walters sold 400 shares of Atmos Energy stock in a transaction that occurred on 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 directly owns 3,551 shares of the company’s stock, valued at approximately $419,018. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATOFree Report).

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.