IFM Investors Pty Ltd raised its position in shares of Atmos Energy Co. (NYSE:ATO) by 40.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,727 shares of the utilities provider’s stock after buying an additional 3,371 shares during the quarter. IFM Investors Pty Ltd’s holdings in Atmos Energy were worth $1,336,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BB&T Corp purchased a new position in shares of Atmos Energy in the 3rd quarter worth about $219,000. North Point Portfolio Managers Corp OH bought a new stake in Atmos Energy in the 3rd quarter worth about $262,000. Sciencast Management LP bought a new stake in Atmos Energy in the 3rd quarter worth about $329,000. California Public Employees Retirement System increased its holdings in Atmos Energy by 7.0% in the 3rd quarter. California Public Employees Retirement System now owns 913,690 shares of the utilities provider’s stock worth $104,060,000 after buying an additional 59,779 shares in the last quarter. Finally, Bridger Capital Management LLC bought a new stake in Atmos Energy in the 3rd quarter worth about $166,000. 84.04% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on ATO. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Wednesday, July 24th. ValuEngine downgraded Atmos Energy from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley reduced their price objective on Atmos Energy from $118.00 to $117.00 and set an “overweight” rating for the company in a report on Friday. Goldman Sachs Group began coverage on Atmos Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $121.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $114.40.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $443.68 million during the quarter, compared to the consensus estimate of $582.98 million. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Sell-side analysts anticipate that Atmos Energy Co. will post 4.63 earnings per share for the current year.
The company 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 is an increase from Atmos Energy’s previous quarterly dividend of $0.53. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, November 22nd. Atmos Energy’s payout ratio is currently 48.28%.
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 the regulated natural gas distribution and related sales operations in eight states.
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