SG Americas Securities LLC trimmed its position in Atmos Energy Co. (NYSE:ATO) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,668 shares of the utilities provider’s stock after selling 4,408 shares during the quarter. SG Americas Securities LLC’s holdings in Atmos Energy were worth $1,284,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ATO. Qube Research & Technologies Ltd purchased a new position in shares of Atmos Energy in the second quarter worth about $111,000. NEXT Financial Group Inc purchased a new position in shares of Atmos Energy in the third quarter worth about $115,000. Rockland Trust Co. purchased a new position in shares of Atmos Energy in the third quarter worth about $201,000. Carnegie Capital Asset Management LLC purchased a new position in shares of Atmos Energy in the second quarter worth about $209,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atmos Energy in the second quarter worth about $210,000. Hedge funds and other institutional investors own 74.43% of the company’s stock.
Several research analysts recently weighed in on the company. Bank of America lifted their price target on Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Morgan Stanley set a $103.00 price target on Atmos Energy and gave the company a “buy” rating in a research report on Thursday, October 11th. ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Seaport Global Securities reiterated a “buy” rating and set a $98.00 price target on shares of Atmos Energy in a research report on Thursday, August 16th. Finally, Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $96.25.
Shares of ATO stock opened at $98.79 on Friday. 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 company has a market cap of $10.97 billion, a P/E ratio of 24.51, a P/E/G ratio of 3.54 and a beta of 0.11. Atmos Energy Co. has a twelve month low of $76.46 and a twelve month high of $100.76.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $613.41 million. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 earnings per share. As a group, equities analysts predict that Atmos Energy Co. will post 4.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.13%. Atmos Energy’s payout ratio is 52.50%.
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Atmos Energy Company 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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