Chevy Chase Trust Holdings LLC boosted its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 386,085 shares of the utilities provider's stock after purchasing an additional 37,097 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.24% of Atmos Energy worth $59,681,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Noble Wealth Management PBC bought a new stake in shares of Atmos Energy in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC grew its holdings in Atmos Energy by 72.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock worth $34,000 after acquiring an additional 103 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in Atmos Energy during the 4th quarter worth $37,000. South Plains Financial Inc. bought a new stake in shares of Atmos Energy in the 4th quarter worth about $51,000. Finally, Bank of New Hampshire bought a new stake in shares of Atmos Energy in the 1st quarter worth about $58,000. 90.17% of the stock is owned by institutional investors and hedge funds.
Atmos Energy Stock Performance
Shares of NYSE ATO traded down $3.55 during mid-day trading on Wednesday, hitting $152.89. The company had a trading volume of 644,616 shares, compared to its average volume of 923,224. Atmos Energy Corporation has a 12 month low of $113.46 and a 12 month high of $167.45. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 3.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 1.25. The firm's 50 day simple moving average is $156.38 and its two-hundred day simple moving average is $149.18.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. Atmos Energy had a return on equity of 9.05% and a net margin of 25.35%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the business posted $2.85 earnings per share. The firm's quarterly revenue was up 18.4% compared to the same quarter last year. As a group, equities research analysts forecast that Atmos Energy Corporation will post 7.18 earnings per share for the current year.
Atmos Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $3.48 annualized dividend and a dividend yield of 2.28%. Atmos Energy's payout ratio is currently 48.33%.
Wall Street Analysts Forecast Growth
ATO has been the topic of several research analyst reports. Wolfe Research began coverage on shares of Atmos Energy in a research report on Monday, March 31st. They set a "peer perform" rating on the stock. Argus raised Atmos Energy to a "strong-buy" rating in a report on Wednesday, May 28th. 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. Morgan Stanley set a $156.00 price target on Atmos Energy and gave the company an "overweight" rating in a report on Wednesday, June 18th. Finally, Wall Street Zen upgraded Atmos Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Atmos Energy has a consensus rating of "Moderate Buy" and an average target price of $156.05.
Read Our Latest Stock Analysis on ATO
Insider Buying and Selling at Atmos Energy
In related news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $150.98, for a total value of $2,264,700.00. Following the completion of the transaction, the director now directly owns 172,632 shares of the company's stock, valued at $26,063,979.36. This represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by company insiders.
Atmos Energy Company 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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