Cresset Asset Management LLC trimmed its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 12.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,424 shares of the utilities provider's stock after selling 10,865 shares during the period. Cresset Asset Management LLC's holdings in Atmos Energy were worth $10,644,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new position in Atmos Energy in the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in Atmos Energy by 72.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock valued at $34,000 after buying an additional 103 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Atmos Energy in the fourth quarter valued at $37,000. ST Germain D J Co. Inc. lifted its holdings in Atmos Energy by 50.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider's stock worth $42,000 after buying an additional 100 shares during the last quarter. Finally, South Plains Financial Inc. acquired a new position in shares of Atmos Energy during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 90.17% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Atmos Energy to a "strong-buy" rating in a research report on Monday, March 17th. Wolfe Research assumed coverage on shares of Atmos Energy in a report on Monday, March 31st. They issued a "peer perform" rating for the company. StockNews.com lowered shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Morgan Stanley restated an "overweight" rating on shares of Atmos Energy in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Atmos Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.28.
Check Out Our Latest Stock Report on Atmos Energy
Atmos Energy Stock Performance
Shares of ATO opened at $162.13 on Wednesday. Atmos Energy Co. has a 1 year low of $110.97 and a 1 year high of $162.90. The stock has a market capitalization of $25.73 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.56. The company's fifty day moving average is $153.04 and its two-hundred day moving average is $146.61.
Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.20 by $0.03. Atmos Energy had a return on equity of 8.89% and a net margin of 25.90%. On average, sell-side analysts predict that Atmos Energy Co. will post 7.18 earnings per share for the current year.
Atmos Energy Profile
(
Free Report)
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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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