Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 734,141 shares of the utilities provider's stock after purchasing an additional 59,908 shares during the quarter. Atmos Energy accounts for about 1.8% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 21st biggest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 0.46% of Atmos Energy worth $125,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of ATO. Root Financial Partners LLC bought a new position in shares of Atmos Energy in the 3rd quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Atmos Energy during the 3rd quarter worth $29,000. SBI Securities Co. Ltd. grew its position in Atmos Energy by 105.4% in the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider's stock worth $33,000 after acquiring an additional 98 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new position in Atmos Energy in the third quarter worth $33,000. Finally, Caitlin John LLC bought a new position in Atmos Energy in the third quarter valued at $40,000. Hedge funds and other institutional investors own 90.17% of the company's stock.
Atmos Energy Stock Performance
Shares of NYSE:ATO opened at $184.41 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $174.33 and a 200-day moving average price of $172.02. The company has a market cap of $30.51 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.17 and a beta of 0.74. Atmos Energy Corporation has a 12 month low of $141.59 and a 12 month high of $187.98.
Atmos Energy (NYSE:ATO - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.03. Atmos Energy had a return on equity of 9.20% and a net margin of 25.67%.The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the firm earned $2.23 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. As a group, equities analysts anticipate that Atmos Energy Corporation will post 7.18 EPS for the current year.
Atmos Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, February 23rd. Atmos Energy's dividend payout ratio (DPR) is currently 51.95%.
Analyst Upgrades and Downgrades
ATO has been the topic of a number of research reports. Citigroup raised their price target on Atmos Energy from $163.00 to $182.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Morgan Stanley set a $192.00 price target on shares of Atmos Energy in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Atmos Energy from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Barclays upped their price objective on shares of Atmos Energy from $165.00 to $167.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 27th. Finally, Mizuho increased their target price on shares of Atmos Energy from $170.00 to $180.00 and gave the company a "neutral" rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $175.67.
Check Out Our Latest Research Report on ATO
About Atmos Energy
(
Free Report)
Atmos Energy Corporation NYSE: ATO is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos's core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company's services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
See Also
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