State Treasurer State of Michigan raised its stake in shares of Atmos Energy (NYSE:ATO) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,400 shares of the utilities provider’s stock after acquiring an additional 600 shares during the quarter. State Treasurer State of Michigan’s holdings in Atmos Energy were worth $3,403,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of ATO. Schwab Charles Investment Management Inc. lifted its holdings in shares of Atmos Energy by 6.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 371,778 shares of the utilities provider’s stock valued at $31,933,000 after acquiring an additional 22,016 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Atmos Energy during the fourth quarter valued at $532,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Atmos Energy during the fourth quarter valued at $820,000. Cerebellum GP LLC bought a new position in shares of Atmos Energy during the fourth quarter valued at $119,000. Finally, Maple Brown Abbott Ltd lifted its holdings in shares of Atmos Energy by 35.3% during the fourth quarter. Maple Brown Abbott Ltd now owns 360,694 shares of the utilities provider’s stock valued at $30,980,000 after acquiring an additional 94,067 shares during the period. 72.90% of the stock is owned by institutional investors.
ATO has been the subject of a number of analyst reports. Bank of America reissued a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, March 7th. JPMorgan Chase raised their target price on Atmos Energy from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, April 10th. Barclays set a $80.00 target price on Atmos Energy and gave the company an “underweight” rating in a research note on Thursday, February 8th. Finally, Argus lowered their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Atmos Energy currently has a consensus rating of “Hold” and a consensus target price of $85.20.
Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, May 2nd. The utilities provider reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. equities analysts anticipate that Atmos Energy will post 3.99 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 21st will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.27%. Atmos Energy’s dividend payout ratio (DPR) is presently 53.89%.
About Atmos Energy
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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