Atmos Energy Co. (NYSE:ATO) Shares Acquired by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC increased its position in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 250.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,015 shares of the utilities provider’s stock after purchasing an additional 1,440 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Atmos Energy were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATO. Vanguard Group Inc. lifted its stake in Atmos Energy by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 19,347,371 shares of the utilities provider’s stock valued at $2,049,467,000 after acquiring an additional 538,578 shares during the period. Wellington Management Group LLP boosted its holdings in Atmos Energy by 5.3% in the third quarter. Wellington Management Group LLP now owns 8,990,424 shares of the utilities provider’s stock valued at $952,356,000 after purchasing an additional 452,247 shares during the last quarter. Invesco Ltd. grew its position in Atmos Energy by 1.3% during the 3rd quarter. Invesco Ltd. now owns 1,997,693 shares of the utilities provider’s stock worth $211,616,000 after purchasing an additional 24,962 shares during the period. Northern Trust Corp raised its stake in shares of Atmos Energy by 3.9% during the 3rd quarter. Northern Trust Corp now owns 1,590,505 shares of the utilities provider’s stock valued at $168,482,000 after buying an additional 58,966 shares during the last quarter. Finally, Cooke & Bieler LP lifted its holdings in shares of Atmos Energy by 5.9% in the 4th quarter. Cooke & Bieler LP now owns 1,347,311 shares of the utilities provider’s stock valued at $156,153,000 after buying an additional 74,654 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity

In related news, Director Kim R. Cocklin sold 15,000 shares of Atmos Energy stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the transaction, the director now owns 186,339 shares in the company, valued at $21,701,039.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Atmos Energy Stock Up 0.5 %

Shares of ATO opened at $117.81 on Thursday. The stock has a 50 day moving average price of $116.88 and a 200 day moving average price of $114.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.36. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.46 and a beta of 0.66. Atmos Energy Co. has a one year low of $101.00 and a one year high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last released its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.54 billion. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Equities research analysts forecast that Atmos Energy Co. will post 6.75 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s dividend payout ratio is currently 48.28%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group started coverage on Atmos Energy in a research report on Friday, April 12th. They set a “neutral” rating and a $124.00 price target for the company. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Wells Fargo & Company upgraded Atmos Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $132.00 in a research note on Tuesday. Mizuho raised their price objective on Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays upped their target price on Atmos Energy from $121.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.17.

Read Our Latest Analysis on ATO

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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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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