Aberdeen Group plc grew its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,066 shares of the utilities provider’s stock after buying an additional 13,428 shares during the quarter. Aberdeen Group plc owned approximately 0.13% of Atmos Energy worth $36,052,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Atmos Energy during the 4th quarter worth approximately $233,000. Integrated Wealth Concepts LLC raised its position in Atmos Energy by 10.8% during the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after buying an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Atmos Energy by 8.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after buying an additional 1,331 shares during the period. Empowered Funds LLC lifted its stake in Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after acquiring an additional 245 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 4,088 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
Atmos Energy Stock Up 0.0%
ATO stock opened at $189.00 on Friday. The firm has a market cap of $31.27 billion, a PE ratio of 24.55, a PEG ratio of 3.27 and a beta of 0.69. Atmos Energy Corporation has a 1 year low of $141.59 and a 1 year high of $190.13. The company has a fifty day simple moving average of $180.13 and a 200 day simple moving average of $174.35. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67.
Atmos Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, February 23rd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is 51.95%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group lifted their target price on Atmos Energy from $159.00 to $174.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Barclays raised their price target on shares of Atmos Energy from $165.00 to $167.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Citigroup increased their target price on shares of Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $175.67.
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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