MAI Capital Management Invests $202,000 in Atmos Energy Co. (ATO)

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MAI Capital Management bought a new stake in Atmos Energy Co. (NYSE:ATO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,961 shares of the utilities provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hartford Investment Management Co. acquired a new stake in shares of Atmos Energy in the first quarter valued at about $1,301,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Atmos Energy by 15.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 158,775 shares of the utilities provider’s stock valued at $16,343,000 after purchasing an additional 21,348 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Atmos Energy by 25.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,436 shares of the utilities provider’s stock valued at $1,692,000 after purchasing an additional 3,366 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Atmos Energy by 5.6% in the first quarter. Daiwa Securities Group Inc. now owns 4,330 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 230 shares during the last quarter. Finally, World Asset Management Inc grew its position in shares of Atmos Energy by 24.0% in the first quarter. World Asset Management Inc now owns 7,206 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 1,396 shares during the last quarter. Institutional investors own 79.04% of the company’s stock.

NYSE ATO opened at $102.08 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.63 and a quick ratio of 0.53. Atmos Energy Co. has a twelve month low of $84.35 and a twelve month high of $104.07. The stock has a market capitalization of $11.96 billion, a P/E ratio of 25.52, a P/E/G ratio of 3.66 and a beta of 0.25.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Atmos Energy had a net margin of 14.39% and a return on equity of 9.17%. The business had revenue of $877.78 million during the quarter, compared to analysts’ expectations of $969.71 million. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Atmos Energy Co. will post 4.3 earnings per share for the current year.

Separately, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Atmos Energy presently has an average rating of “Hold” and a consensus price target of $102.00.

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Atmos Energy Profile

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 the regulated natural gas distribution and related sales operations in eight states.

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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