Legal & General Group Plc increased its holdings in Atmos Energy Corporation (NYSE:ATO) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 516,379 shares of the utilities provider’s stock after buying an additional 44,046 shares during the period. Legal & General Group Plc owned about 0.49% of Atmos Energy worth $43,294,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Atmos Energy by 298.1% in the 2nd quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock valued at $3,208,000 after buying an additional 28,960 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Atmos Energy by 12.8% in the 2nd quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after buying an additional 95,248 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Atmos Energy by 7.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock valued at $1,908,000 after buying an additional 1,500 shares during the period. Swiss National Bank boosted its holdings in shares of Atmos Energy by 4.2% in the 2nd quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after buying an additional 15,400 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Atmos Energy by 2.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after buying an additional 1,772 shares during the period. 69.96% of the stock is owned by institutional investors and hedge funds.
Atmos Energy Corporation (NYSE ATO) opened at $91.43 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53. The stock has a market cap of $10,142.63, a PE ratio of 24.92, a price-to-earnings-growth ratio of 3.67 and a beta of 0.40. Atmos Energy Corporation has a one year low of $70.98 and a one year high of $93.56.
Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. During the same quarter last year, the business earned $0.40 EPS. equities research analysts predict that Atmos Energy Corporation will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.12%. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, November 24th. Atmos Energy’s payout ratio is presently 51.87%.
Several research analysts have recently commented on ATO shares. Argus lifted their price target on shares of Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. BidaskClub raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Goldman Sachs Group reissued a “neutral” rating and set a $77.00 target price (up from $67.00) on shares of Atmos Energy in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co boosted their target price on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Atmos Energy has an average rating of “Hold” and an average price target of $86.80.
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Atmos Energy Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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