Asset Management One Co. Ltd. cut its stake in Atmos Energy Corporation (NYSE:ATO) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,098 shares of the utilities provider’s stock after selling 17,667 shares during the period. Asset Management One Co. Ltd. owned about 0.33% of Atmos Energy worth $29,590,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. increased its position in shares of Atmos Energy by 575.3% during the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock worth $33,600,000 after purchasing an additional 344,875 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Atmos Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock worth $799,314,000 after acquiring an additional 255,277 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Atmos Energy by 22.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock worth $93,578,000 after acquiring an additional 205,735 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Atmos Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock worth $852,294,000 after acquiring an additional 150,691 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Atmos Energy by 27.9% during the 3rd quarter. Principal Financial Group Inc. now owns 653,063 shares of the utilities provider’s stock worth $54,752,000 after acquiring an additional 142,352 shares in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.
Shares of Atmos Energy Corporation (NYSE:ATO) opened at $91.80 on Monday. Atmos Energy Corporation has a twelve month low of $72.02 and a twelve month high of $93.56. The stock has a market capitalization of $10,181.45, a price-to-earnings ratio of 25.01, a P/E/G ratio of 3.69 and a beta of 0.40. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.53 and a quick ratio of 0.35.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a dividend of $0.485 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.94 annualized dividend and a dividend yield of 2.11%. Atmos Energy’s dividend payout ratio (DPR) is presently 51.87%.
A number of research firms recently issued reports on ATO. J P Morgan Chase & Co upped their target price on Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. BidaskClub upgraded Atmos Energy from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Goldman Sachs Group reiterated a “neutral” rating and issued a $77.00 price target (up from $67.00) on shares of Atmos Energy in a report on Friday, September 1st. Finally, Argus boosted their price target on Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $86.80.
Atmos Energy Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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