Van ECK Associates Corp Has $3.86 Million Stake in Atmos Energy Co. (NYSE:ATO)

Van ECK Associates Corp decreased its position in Atmos Energy Co. (NYSE:ATOFree Report) by 3.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 36,481 shares of the utilities provider’s stock after selling 1,141 shares during the period. Van ECK Associates Corp’s holdings in Atmos Energy were worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glassman Wealth Services grew its position in shares of Atmos Energy by 73.3% in the second quarter. Glassman Wealth Services now owns 234 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Atmos Energy by 177.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 275 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 176 shares during the last quarter. Ronald Blue Trust Inc. grew its position in shares of Atmos Energy by 80.5% in the third quarter. Ronald Blue Trust Inc. now owns 296 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 132 shares during the last quarter. RVW Wealth LLC acquired a new position in shares of Atmos Energy in the third quarter valued at approximately $32,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Atmos Energy in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Atmos Energy Stock Up 0.8 %

NYSE ATO opened at $114.00 on Tuesday. The business has a fifty day moving average price of $114.69 and a two-hundred day moving average price of $113.59. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. Atmos Energy Co. has a fifty-two week low of $101.00 and a fifty-two week high of $125.28. The stock has a market capitalization of $17.20 billion, a PE ratio of 18.10, a PEG ratio of 2.37 and a beta of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.01). Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. Equities analysts expect that Atmos Energy Co. will post 6.57 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Monday, February 26th will be given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.82%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s dividend payout ratio is currently 51.11%.

Insider Buying and Selling

In related news, VP Richard M. Thomas sold 1,750 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $114.20, for a total transaction of $199,850.00. Following the completion of the transaction, the vice president now directly owns 2,650 shares of the company’s stock, valued at approximately $302,630. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATO. Barclays reduced their price target on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 22nd. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Morgan Stanley reduced their price target on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 21st. Finally, Mizuho increased their price target on Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $123.50.

View Our Latest Report on Atmos Energy

Atmos Energy Company Profile

(Free Report)

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 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.

See Also

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

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