Carillon Tower Advisers Inc. lowered its position in Atmos Energy Co. (NYSE:ATO) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,649 shares of the utilities provider’s stock after selling 45,750 shares during the period. Carillon Tower Advisers Inc. owned approximately 0.35% of Atmos Energy worth $47,566,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $25,000. Hexavest Inc. acquired a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $27,000. Commonwealth Bank of Australia grew its holdings in shares of Atmos Energy by 68.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 278 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 113 shares during the period. Front Row Advisors LLC acquired a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $30,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 84.04% of the company’s stock.
A number of equities research analysts recently weighed in on the company. ValuEngine cut Atmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley lowered their price target on Atmos Energy from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho initiated coverage on Atmos Energy in a report on Wednesday, October 16th. They issued a “neutral” rating and a $114.00 price target on the stock. JPMorgan Chase & Co. increased their target price on Atmos Energy from $115.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Argus increased their target price on Atmos Energy to $125.00 and gave the company a “positive” rating in a report on Tuesday, October 1st. One equities research 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 company has an average rating of “Hold” and an average target price of $114.40.
Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm had revenue of $443.68 million for the quarter, compared to analysts’ expectations of $582.98 million. During the same quarter in the prior year, the firm earned $0.41 EPS. Atmos Energy’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that Atmos Energy Co. will post 4.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, November 22nd. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.53. Atmos Energy’s dividend payout ratio is currently 48.28%.
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 the regulated natural gas distribution and related sales operations in eight states.
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