Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Atmos Energy Co. (NYSE:ATO) by 57.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 98,611 shares of the utilities provider’s stock after selling 133,452 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Atmos Energy worth $9,261,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Atmos Energy by 6.4% in the second quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock worth $989,565,000 after purchasing an additional 661,567 shares during the period. Victory Capital Management Inc. lifted its holdings in Atmos Energy by 99.2% in the third quarter. Victory Capital Management Inc. now owns 538,247 shares of the utilities provider’s stock worth $50,547,000 after purchasing an additional 268,046 shares during the period. Magellan Asset Management Ltd lifted its holdings in Atmos Energy by 12.4% in the second quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after purchasing an additional 211,446 shares during the period. Millennium Management LLC lifted its holdings in Atmos Energy by 104.1% in the second quarter. Millennium Management LLC now owns 345,706 shares of the utilities provider’s stock worth $31,162,000 after purchasing an additional 176,351 shares during the period. Finally, Natixis lifted its holdings in Atmos Energy by 577.7% in the second quarter. Natixis now owns 176,027 shares of the utilities provider’s stock worth $15,867,000 after purchasing an additional 150,051 shares during the period. Institutional investors and hedge funds own 74.43% of the company’s stock.
Shares of NYSE ATO opened at $98.55 on Friday. Atmos Energy Co. has a twelve month low of $76.46 and a twelve month high of $100.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.25 and a quick ratio of 0.16. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 3.51 and a beta of 0.11.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $444.70 million during the quarter, compared to analyst estimates of $613.41 million. During the same period in the previous year, the company posted $0.34 earnings per share. Atmos Energy’s revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Atmos Energy Co. will post 4.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.13%. This is an increase from Atmos Energy’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, November 23rd. Atmos Energy’s dividend payout ratio is presently 52.50%.
Several research firms recently weighed in on ATO. Morgan Stanley upped their price objective on shares of Atmos Energy from $99.00 to $102.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. ValuEngine raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barclays set a $91.00 price objective on shares of Atmos Energy and gave the stock a “sell” rating in a report on Friday, October 12th. Citigroup upped their price target on shares of Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, November 29th. Finally, Bank of America upped their price target on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a report on Monday, October 29th. One equities research 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 an average rating of “Buy” and a consensus price target of $96.25.
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About Atmos Energy
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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