Icon Advisers Inc. Co. Has $732,000 Stake in Atmos Energy Co. (ATO)

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Icon Advisers Inc. Co. lifted its position in shares of Atmos Energy Co. (NYSE:ATO) by 9.9% during the third quarter, HoldingsChannel.com reports. The firm owned 7,800 shares of the utilities provider’s stock after acquiring an additional 700 shares during the period. Icon Advisers Inc. Co.’s holdings in Atmos Energy were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ATO. Qube Research & Technologies Ltd acquired a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $111,000. NEXT Financial Group Inc acquired a new stake in shares of Atmos Energy during the 3rd quarter worth approximately $115,000. Rockland Trust Co. acquired a new stake in shares of Atmos Energy during the 3rd quarter worth approximately $201,000. Eagle Global Advisors LLC acquired a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $207,000. Finally, Carnegie Capital Asset Management LLC acquired a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $209,000. 74.64% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy stock opened at $96.69 on Friday. Atmos Energy Co. has a 1 year low of $76.46 and a 1 year high of $98.40. The firm has a market capitalization of $10.75 billion, a P/E ratio of 24.17, a P/E/G ratio of 3.49 and a beta of 0.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.31.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $444.70 million during the quarter, compared to analyst estimates of $613.41 million. During the same period in the prior year, the business posted $0.34 EPS. Atmos Energy’s revenue was down 4.3% compared to the same quarter last year. As a group, analysts forecast that Atmos Energy Co. will post 4.27 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 2.17%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. Atmos Energy’s dividend payout ratio (DPR) is currently 48.50%.

ATO has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Morgan Stanley lifted their price target on shares of Atmos Energy from $91.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, July 16th. Zacks Investment Research cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Barclays set a $91.00 price target on shares of Atmos Energy and gave the company a “sell” rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $94.38.

In related news, insider Richard W. Douglas sold 35,000 shares of Atmos Energy stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the sale, the insider now owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy K. Quinn sold 2,000 shares of Atmos Energy stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total transaction of $186,100.00. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

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

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