Danske Bank A S Reduces Holdings in Atmos Energy Corporation $ATO

Key Points

• Danske Bank A/S trimmed its position by 96%, selling 324,887 Atmos Energy (ATO) shares in Q4 and leaving 13,405 shares worth about $2.25 million per its SEC filing.
• Atmos Energy beat quarterly estimates (EPS $2.44 vs. $2.41; revenue $1.34B vs. $1.21B), has a market cap of roughly $31B and a P/E of ~24.3, and carries a MarketBeat consensus rating of "Hold" with an average price target of $181.11.

Danske Bank A S trimmed its position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 96.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,405 shares of the utilities provider's stock after selling 324,887 shares during the quarter. Danske Bank A S's holdings in Atmos Energy were worth $2,247,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Atmos Energy during the third quarter worth approximately $25,000. JFS Wealth Advisors LLC increased its position in shares of Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider's stock worth $26,000 after purchasing an additional 73 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Atmos Energy during the third quarter worth approximately $29,000. Princeton Global Asset Management LLC increased its position in shares of Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider's stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Atmos Energy by 105.4% during the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider's stock worth $33,000 after purchasing an additional 98 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Stock Performance

Shares of ATO stock opened at $187.25 on Wednesday. The firm's 50 day moving average price is $185.81 and its 200-day moving average price is $176.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.13. Atmos Energy Corporation has a one year low of $149.98 and a one year high of $192.51. The firm has a market cap of $30.98 billion, a P/E ratio of 24.32, a P/E/G ratio of 3.32 and a beta of 0.65.

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 for the quarter, beating the consensus estimate of $2.41 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.21 billion. Atmos Energy had a net margin of 25.67% and a return on equity of 9.20%. During the same quarter last year, the firm earned $2.23 EPS. As a group, equities research analysts predict that Atmos Energy Corporation will post 8.3 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings upgraded Atmos Energy from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, April 16th. Truist Financial assumed coverage on Atmos Energy in a report on Tuesday, April 21st. They issued a "hold" rating and a $195.00 target price for the company. Citigroup raised their target price on Atmos Energy from $163.00 to $182.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Morgan Stanley reduced their price target on Atmos Energy from $197.00 to $195.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 21st. Finally, Barclays boosted their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Atmos Energy has a consensus rating of "Hold" and an average price target of $181.11.

Atmos Energy Company Profile

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.

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