Sienna Gestion decreased its position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,500 shares of the utilities provider’s stock after selling 11,717 shares during the period. Sienna Gestion’s holdings in Atmos Energy were worth $9,477,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. TABR Capital Management LLC acquired a new stake in Atmos Energy in the 4th quarter valued at about $1,096,000. Swiss Life Asset Management Ltd lifted its position in shares of Atmos Energy by 133.1% during the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after purchasing an additional 22,784 shares in the last quarter. Calton & Associates Inc. acquired a new position in shares of Atmos Energy during the third quarter worth approximately $901,000. Allspring Global Investments Holdings LLC grew its stake in shares of Atmos Energy by 12.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock valued at $30,853,000 after purchasing an additional 20,408 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $34,582,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Down 0.3%
ATO opened at $169.46 on Tuesday. The firm’s fifty day moving average is $180.03 and its two-hundred day moving average is $176.63. The firm has a market cap of $28.29 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. Atmos Energy Corporation has a twelve month low of $149.98 and a twelve month high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.
Atmos Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.
Analyst Upgrades and Downgrades
ATO has been the subject of a number of recent research reports. Barclays boosted their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial lowered their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $183.00 target price on shares of Atmos Energy in a research report on Thursday, May 21st. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, June 11th. Finally, TD Cowen lifted their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmos Energy has an average rating of “Hold” and a consensus target price of $181.90.
View Our Latest Stock Analysis on Atmos Energy
About Atmos Energy
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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