Envestnet Asset Management Inc. lifted its stake in shares of Atmos Energy Co. (NYSE:ATO) by 184.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,603 shares of the utilities provider’s stock after buying an additional 1,039 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Atmos Energy were worth $138,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Trustcore Financial Services LLC purchased a new stake in shares of Atmos Energy during the 4th quarter valued at about $105,000. Independence Bank of Kentucky purchased a new stake in shares of Atmos Energy during the 4th quarter valued at about $112,000. Cerebellum GP LLC purchased a new stake in shares of Atmos Energy during the 4th quarter valued at about $119,000. Tower Research Capital LLC TRC grew its stake in Atmos Energy by 273.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Wedbush Securities Inc. acquired a new stake in Atmos Energy during the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 72.82% of the company’s stock.
ATO has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Bank of America restated a “buy” rating on shares of Atmos Energy in a research note on Tuesday, February 27th. Argus lowered their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Finally, JPMorgan Chase restated an “overweight” rating and set a $87.00 price objective (down previously from $90.00) on shares of Atmos Energy in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $85.20.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.27. During the same period last year, the business posted $1.08 EPS. equities analysts expect that Atmos Energy Co. will post 3.97 earnings per share for the current fiscal year.
About Atmos Energy
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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