Symmetry Partners LLC lowered its position in shares of Atmos Energy Co. (NYSE:ATO) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,200 shares of the utilities provider’s stock after selling 626 shares during the period. Symmetry Partners LLC’s holdings in Atmos Energy were worth $364,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management UK Ltd. raised its position in shares of Atmos Energy by 100.0% during the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 9,000 shares of the utilities provider’s stock valued at $1,025,000 after buying an additional 4,500 shares during the last quarter. Creative Planning grew its holdings in Atmos Energy by 8.1% in the third quarter. Creative Planning now owns 26,772 shares of the utilities provider’s stock worth $3,049,000 after purchasing an additional 2,011 shares during the period. Mackay Shields LLC grew its holdings in Atmos Energy by 11.3% in the third quarter. Mackay Shields LLC now owns 19,513 shares of the utilities provider’s stock worth $2,223,000 after purchasing an additional 1,984 shares during the period. Synovus Financial Corp increased its holdings in Atmos Energy by 4.9% during the 3rd quarter. Synovus Financial Corp now owns 10,807 shares of the utilities provider’s stock worth $1,231,000 after acquiring an additional 500 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Atmos Energy by 40.3% in the third quarter. IFM Investors Pty Ltd now owns 11,727 shares of the utilities provider’s stock worth $1,336,000 after buying an additional 3,371 shares during the last quarter. 84.04% of the stock is owned by institutional investors.
Shares of Atmos Energy stock traded down $0.91 during trading on Friday, reaching $107.27. The company’s stock had a trading volume of 754,529 shares, compared to its average volume of 703,663. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.44 and a current ratio of 0.56. The business’s fifty day moving average price is $112.01 and its 200-day moving average price is $107.45. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.33 and a beta of 0.16. Atmos Energy Co. has a one year low of $87.88 and a one year high of $115.19.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $443.68 million for the quarter, compared to analyst estimates of $582.98 million. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Sell-side analysts anticipate that Atmos Energy Co. will post 4.63 EPS for the current year.
Several brokerages have recently weighed in on ATO. Morgan Stanley reduced their target price on Atmos Energy from $119.00 to $118.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Mizuho began coverage on shares of Atmos Energy in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $114.00 price target for the company. Argus boosted their price target on shares of Atmos Energy to $125.00 and gave the stock a “positive” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Atmos Energy from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, ValuEngine cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $114.50.
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 the regulated natural gas distribution and related sales operations in eight states.
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