Tributary Capital Management LLC boosted its holdings in Atmos Energy Co. (NYSE:ATO) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,500 shares of the utilities provider’s stock after purchasing an additional 600 shares during the period. Tributary Capital Management LLC’s holdings in Atmos Energy were worth $1,174,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in Atmos Energy in the second quarter worth $111,000. NEXT Financial Group Inc bought a new stake in shares of Atmos Energy in the third quarter valued at $115,000. Rockland Trust Co. bought a new stake in shares of Atmos Energy in the third quarter valued at $201,000. Eagle Global Advisors LLC bought a new stake in shares of Atmos Energy in the second quarter valued at $207,000. Finally, Carnegie Capital Asset Management LLC bought a new stake in shares of Atmos Energy in the second quarter valued at $209,000. 74.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of ATO opened at $97.07 on Friday. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 3.43 and a beta of 0.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.31. Atmos Energy Co. has a 1 year low of $76.46 and a 1 year high of $98.40.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.04). The business had revenue of $562.25 million during the quarter, compared to analysts’ expectations of $622.30 million. During the same quarter in the previous year, the firm posted $0.67 EPS. Atmos Energy’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts anticipate that Atmos Energy Co. will post 3.96 earnings per share for the current fiscal year.
In related news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total transaction of $186,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the sale, the insider now owns 6,292 shares in the company, valued at $585,407.68. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.
Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Atmos Energy from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Barclays boosted their target price on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, July 11th. ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Seaport Global Securities restated a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a research note on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.43.
Atmos Energy Profile
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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