ProShare Advisors LLC decreased its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 948,759 shares of the utilities provider’s stock after selling 163,338 shares during the period. ProShare Advisors LLC’s holdings in Atmos Energy were worth $159,040,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Atmos Energy by 3.9% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after buying an additional 60 shares during the period. MGO One Seven LLC increased its stake in shares of Atmos Energy by 4.3% in the fourth quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after buying an additional 62 shares during the period. Little House Capital LLC increased its stake in shares of Atmos Energy by 0.6% in the third quarter. Little House Capital LLC now owns 10,733 shares of the utilities provider’s stock valued at $1,833,000 after buying an additional 66 shares during the period. Horizon Investments LLC increased its stake in shares of Atmos Energy by 1.2% in the fourth quarter. Horizon Investments LLC now owns 5,439 shares of the utilities provider’s stock valued at $912,000 after buying an additional 67 shares during the period. Finally, PAX Financial Group LLC increased its stake in shares of Atmos Energy by 2.3% in the third quarter. PAX Financial Group LLC now owns 3,178 shares of the utilities provider’s stock valued at $543,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Stock Up 1.4%
Shares of NYSE ATO opened at $178.93 on Tuesday. The firm has a market cap of $29.87 billion, a PE ratio of 21.98, a P/E/G ratio of 3.12 and a beta of 0.65. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month high of $192.51. The company’s fifty day simple moving average is $185.13 and its 200 day simple moving average is $177.05. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.
Atmos Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.
Analyst Upgrades and Downgrades
ATO has been the subject of several recent research reports. Morgan Stanley decreased their price target on Atmos Energy from $197.00 to $195.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday. TD Cowen raised their target price on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday. Barclays raised their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings lowered shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $182.70.
Get Our Latest Report on Atmos Energy
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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