Siemens Fonds Invest GmbH raised its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 589.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,878 shares of the utilities provider's stock after buying an additional 9,301 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Atmos Energy were worth $1,515,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Noble Wealth Management PBC bought a new stake in shares of Atmos Energy during the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 purchased a new stake in Atmos Energy during the 4th quarter valued at $37,000. South Plains Financial Inc. purchased a new stake in Atmos Energy in the fourth quarter worth $51,000. Finally, Keystone Financial Group Inc. purchased a new stake in Atmos Energy in the fourth quarter worth $79,000. Hedge funds and other institutional investors own 90.17% of the company's stock.
Analysts Set New Price Targets
ATO has been the topic of a number of recent research reports. Argus raised Atmos Energy to a "strong-buy" rating in a research report on Wednesday. Wolfe Research began coverage on Atmos Energy in a research note on Monday, March 31st. They issued a "peer perform" rating for the company. Citigroup lifted their price target on Atmos Energy from $148.00 to $163.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Mizuho cut Atmos Energy from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $165.00 to $164.00 in a research report on Monday, April 28th. Finally, Morgan Stanley reduced their price target on Atmos Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Atmos Energy has an average rating of "Moderate Buy" and a consensus price target of $156.35.
Read Our Latest Report on ATO
Atmos Energy Price Performance
Shares of Atmos Energy stock traded up $0.49 on Friday, reaching $154.83. The company's stock had a trading volume of 3,090,018 shares, compared to its average volume of 939,361. The company has a quick ratio of 1.43, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average price of $155.66 and a 200-day moving average price of $148.50. The company has a market capitalization of $24.59 billion, a P/E ratio of 22.06, a PEG ratio of 2.94 and a beta of 0.74. Atmos Energy Co. has a 52-week low of $112.85 and a 52-week high of $167.45.
Atmos Energy (NYSE:ATO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. Atmos Energy's quarterly revenue was up 18.4% compared to the same quarter last year. Analysts expect that Atmos Energy Co. will post 7.18 EPS for the current year.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, May 27th. Atmos Energy's payout ratio is 48.33%.
Insider Buying and Selling
In other news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction dated 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 transaction, the director now owns 172,632 shares in the company, valued at approximately $26,063,979.36. This represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by corporate insiders.
About Atmos Energy
(
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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