Brooklyn FI LLC Acquires Shares of 2,176 Atmos Energy Co. (NYSE:ATO)

Brooklyn FI LLC bought a new position in shares of Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,176 shares of the utilities provider’s stock, valued at approximately $310,000.

Other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC grew its position in Atmos Energy by 3.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,307 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 82 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Atmos Energy by 11.9% during the third quarter. Empowered Funds LLC now owns 2,605 shares of the utilities provider’s stock worth $361,000 after buying an additional 277 shares during the period. Natixis Advisors LLC grew its holdings in shares of Atmos Energy by 5.6% during the third quarter. Natixis Advisors LLC now owns 88,670 shares of the utilities provider’s stock worth $12,299,000 after buying an additional 4,718 shares during the last quarter. Mutual of America Capital Management LLC increased its position in Atmos Energy by 6.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 36,605 shares of the utilities provider’s stock valued at $5,077,000 after acquiring an additional 2,173 shares during the period. Finally, LMR Partners LLP purchased a new stake in Atmos Energy during the 3rd quarter valued at approximately $224,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Trading Up 0.2 %

Shares of ATO stock opened at $150.81 on Thursday. The stock has a market cap of $23.94 billion, a P/E ratio of 21.48, a P/E/G ratio of 2.94 and a beta of 0.67. The company has a quick ratio of 1.43, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. Atmos Energy Co. has a fifty-two week low of $110.97 and a fifty-two week high of $154.55. The business has a fifty day simple moving average of $145.83 and a 200-day simple moving average of $142.37.

Atmos Energy (NYSE:ATO) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. On average, analysts forecast that Atmos Energy Co. will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were issued a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.31%. Atmos Energy’s dividend payout ratio (DPR) is 49.57%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATO shares. Mizuho lifted their target price on Atmos Energy from $148.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. LADENBURG THALM/SH SH upgraded shares of Atmos Energy to a “strong-buy” rating in a research report on Monday. StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Bank of America initiated coverage on shares of Atmos Energy in a report on Friday, December 13th. They set a “buy” rating and a $156.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.75.

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 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.