Metropolitan Life Insurance Co NY lifted its holdings in Atmos Energy Co. (NYSE:ATO) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,676 shares of the utilities provider’s stock after purchasing an additional 263 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Atmos Energy were worth $2,013,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. AE Wealth Management LLC raised its position in Atmos Energy by 93.2% in the second quarter. AE Wealth Management LLC now owns 4,631 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 2,234 shares during the period. Arizona State Retirement System increased its stake in shares of Atmos Energy by 256.9% in the 2nd quarter. Arizona State Retirement System now owns 80,107 shares of the utilities provider’s stock worth $8,456,000 after purchasing an additional 57,662 shares in the last quarter. Hartford Investment Management Co. increased its stake in shares of Atmos Energy by 1.2% in the 2nd quarter. Hartford Investment Management Co. now owns 12,794 shares of the utilities provider’s stock worth $1,351,000 after purchasing an additional 156 shares in the last quarter. Strs Ohio raised its holdings in Atmos Energy by 1,608.7% in the 2nd quarter. Strs Ohio now owns 24,828 shares of the utilities provider’s stock worth $2,620,000 after purchasing an additional 23,375 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Atmos Energy in the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.
ATO has been the topic of several analyst reports. Morgan Stanley lowered their target price on Atmos Energy from $119.00 to $118.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Goldman Sachs Group assumed coverage on Atmos Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $121.00 price objective on the stock. Bank of America started coverage on Atmos Energy in a research report on Wednesday. They set a “neutral” rating and a $109.00 price objective on the stock. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Atmos Energy in a research note on Monday, September 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Atmos Energy currently has a consensus rating of “Buy” and an average price target of $116.50.
In other Atmos Energy news, SVP David J. Park sold 4,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $106.92, for a total transaction of $427,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.39% of the stock is owned by corporate insiders.
ATO stock opened at $105.47 on Wednesday. Atmos Energy Co. has a one year low of $87.88 and a one year high of $115.19. The company’s fifty day moving average price is $109.47 and its 200-day moving average price is $108.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.27 and a current ratio of 0.38. The company has a market capitalization of $12.76 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 3.28 and a beta of 0.14.
Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $443.68 million during the quarter, compared to analysts’ expectations of $582.98 million. Atmos Energy had a net margin of 17.62% and a return on equity of 9.19%. Atmos Energy’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. On average, research analysts predict that Atmos Energy Co. will post 4.66 EPS for the current fiscal year.
The business 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 $0.575 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.30 annualized dividend and a yield of 2.18%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.53. Atmos Energy’s payout ratio is presently 52.87%.
About Atmos Energy
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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