Magellan Asset Management Ltd increased its position in shares of Atmos Energy Co. (NYSE:ATO) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,089,064 shares of the utilities provider’s stock after acquiring an additional 170,894 shares during the period. Atmos Energy comprises approximately 0.6% of Magellan Asset Management Ltd’s portfolio, making the stock its 19th biggest holding. Magellan Asset Management Ltd owned about 1.88% of Atmos Energy worth $196,184,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Atmos Energy by 2.7% during the third quarter. BlackRock Inc. now owns 11,273,482 shares of the utilities provider’s stock worth $1,058,693,000 after acquiring an additional 295,395 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Atmos Energy by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 1,392,219 shares of the utilities provider’s stock worth $130,743,000 after acquiring an additional 5,362 shares in the last quarter. Sfmg LLC raised its holdings in shares of Atmos Energy by 1.7% during the second quarter. Sfmg LLC now owns 1,091,854 shares of the utilities provider’s stock worth $98,420,000 after acquiring an additional 17,959 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Atmos Energy by 1.6% during the second quarter. Northern Trust Corp now owns 949,457 shares of the utilities provider’s stock worth $85,585,000 after acquiring an additional 15,028 shares in the last quarter. Finally, SPF Beheer BV raised its holdings in shares of Atmos Energy by 1.9% during the second quarter. SPF Beheer BV now owns 889,027 shares of the utilities provider’s stock worth $80,137,000 after acquiring an additional 16,687 shares in the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.
NYSE ATO opened at $97.56 on Thursday. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $100.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.25. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 3.51 and a beta of 0.11.
Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $444.70 million for the quarter, compared to the consensus estimate of $613.41 million. During the same quarter last year, the business earned $0.34 earnings per share. Atmos Energy’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts anticipate that Atmos Energy Co. will post 4.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a dividend of $0.525 per share. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.49. This represents a $2.10 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, November 23rd. Atmos Energy’s dividend payout ratio (DPR) is 52.50%.
ATO has been the topic of several recent research reports. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Citigroup raised their target price on Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, November 29th. Seaport Global Securities restated a “buy” rating and set a $98.00 target price on shares of Atmos Energy in a report on Thursday, August 16th. ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Morgan Stanley set a $103.00 target price on Atmos Energy and gave the company a “buy” rating in a report on Thursday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $96.25.
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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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