DekaBank Deutsche Girozentrale Boosts Stake in Atmos Energy Co. (NYSE:ATO)


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DekaBank Deutsche Girozentrale raised its position in Atmos Energy Co. (NYSE:ATO) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 278,196 shares of the utilities provider’s stock after purchasing an additional 16,708 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Atmos Energy were worth $25,838,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ATO. NuWave Investment Management LLC raised its stake in shares of Atmos Energy by 136.7% in the 4th quarter. NuWave Investment Management LLC now owns 284 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 164 shares in the last quarter. Diversified LLC acquired a new stake in shares of Atmos Energy in the 4th quarter valued at about $28,000. Charter Oak Capital Management LLC acquired a new stake in shares of Atmos Energy in the 4th quarter valued at about $30,000. Oxler Private Wealth LLC acquired a new stake in shares of Atmos Energy in the 4th quarter valued at about $38,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Atmos Energy by 34.6% in the 4th quarter. Meeder Asset Management Inc. now owns 486 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 125 shares in the last quarter. 86.40% of the stock is owned by institutional investors.

Shares of NYSE:ATO opened at $98.23 on Thursday. The firm’s 50 day moving average is $92.86 and its two-hundred day moving average is $93.84. Atmos Energy Co. has a 52 week low of $84.59 and a 52 week high of $111.34. The firm has a market capitalization of $12.59 billion, a P/E ratio of 20.01, a PEG ratio of 2.53 and a beta of 0.30. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Monday, February 1st. The utilities provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.13. The business had revenue of $914.48 million during the quarter, compared to analysts’ expectations of $985.11 million. Atmos Energy had a net margin of 21.32% and a return on equity of 9.04%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. Analysts predict that Atmos Energy Co. will post 5.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, February 22nd were issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, February 19th. Atmos Energy’s dividend payout ratio (DPR) is presently 52.97%.

A number of brokerages have recently issued reports on ATO. Morgan Stanley upped their target price on shares of Atmos Energy from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, March 25th. Wells Fargo & Company increased their price objective on shares of Atmos Energy from $106.00 to $111.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. Bank of America reiterated a “neutral” rating on shares of Atmos Energy in a research note on Monday, March 15th. Seaport Global Securities lowered shares of Atmos Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Mizuho upgraded shares of Atmos Energy from a “neutral” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Wednesday, March 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $105.25.

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 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.

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

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