Bank of New York Mellon Corp reduced its position in Atmos Energy Co. (NYSE:ATO) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360,157 shares of the utilities provider’s stock after selling 2,551 shares during the quarter. Bank of New York Mellon Corp owned 1.23% of Atmos Energy worth $116,823,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in shares of Atmos Energy in the fourth quarter valued at about $112,000. Cerebellum GP LLC purchased a new position in Atmos Energy in the fourth quarter valued at about $119,000. NEXT Financial Group Inc grew its stake in Atmos Energy by 159.8% in the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 975 shares during the last quarter. Private Advisor Group LLC purchased a new position in Atmos Energy in the third quarter valued at about $223,000. Finally, Engineers Gate Manager LP purchased a new position in Atmos Energy in the fourth quarter valued at about $240,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Bank of America reiterated a “buy” rating on shares of Atmos Energy in a research note on Tuesday, February 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $87.00 price target (down previously from $90.00) on shares of Atmos Energy in a research note on Thursday, February 8th. Barclays set a $80.00 price target on Atmos Energy and gave the stock an “underweight” rating in a research note on Thursday, February 8th. Finally, Argus dropped their price target on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. One investment 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. The company presently has an average rating of “Hold” and an average target price of $84.60.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.27. During the same period in the previous year, the business posted $1.08 EPS. research analysts forecast that Atmos Energy Co. will post 3.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, February 26th were given a $0.485 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.94 dividend on an annualized basis and a yield of 2.39%. Atmos Energy’s dividend payout ratio is currently 35.60%.
Atmos Energy Company 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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