Atmos Energy Co. (NYSE:ATO) Shares Sold by Coann Capital LLC

Coann Capital LLC cut its position in Atmos Energy Co. (NYSE:ATO) by 58.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,801 shares of the utilities provider’s stock after selling 63,530 shares during the quarter. Atmos Energy accounts for 3.9% of Coann Capital LLC’s holdings, making the stock its 13th largest holding. Coann Capital LLC’s holdings in Atmos Energy were worth $4,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATO. Charter Oak Capital Management LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at $30,000. Oxler Private Wealth LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at $38,000. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at $38,000. Meeder Asset Management Inc. grew its stake in shares of Atmos Energy by 34.6% in the fourth quarter. Meeder Asset Management Inc. now owns 486 shares of the utilities provider’s stock valued at $46,000 after buying an additional 125 shares in the last quarter. Finally, Concord Wealth Partners acquired a new position in Atmos Energy during the 4th quarter worth $48,000. 82.19% of the stock is owned by institutional investors and hedge funds.

NYSE ATO traded up $0.01 during trading on Friday, reaching $101.23. 2,073 shares of the company’s stock were exchanged, compared to its average volume of 928,585. The firm has a market cap of $13.23 billion, a PE ratio of 18.40, a P/E/G ratio of 2.72 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 1.86. The stock has a 50 day simple moving average of $100.61. Atmos Energy Co. has a 1 year low of $84.59 and a 1 year high of $107.02.

Atmos Energy (NYSE:ATO) last posted its earnings results on Tuesday, May 4th. The utilities provider reported $2.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.25. Atmos Energy had a return on equity of 9.57% and a net margin of 21.79%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $1.95 EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis. As a group, research analysts anticipate that Atmos Energy Co. will post 5.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 7th. Stockholders of record on Monday, May 24th were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, May 21st. Atmos Energy’s payout ratio is currently 52.97%.

Several research analysts recently commented on the company. Morgan Stanley lowered their target price on Atmos Energy from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Tuesday, May 18th. Wells Fargo & Company boosted their target price on Atmos Energy from $111.00 to $121.00 in a research note on Monday, May 10th. Bank of America reissued a “neutral” rating on shares of Atmos Energy in a research note on Monday, March 15th. Mizuho boosted their target price on Atmos Energy from $99.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 27th. They noted that the move was a valuation call. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Atmos Energy in a research note on Tuesday, April 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $110.08.

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 in two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

See Also: How Do Investors Open a Backdoor Roth IRA?

Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.