Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 63.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,393 shares of the utilities provider’s stock after acquiring an additional 4,048 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Atmos Energy were worth $1,920,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. boosted its stake in Atmos Energy by 3.6% during the 4th quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 58 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Atmos Energy by 3.9% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock worth $265,000 after buying an additional 60 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Atmos Energy by 4.3% in the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock worth $254,000 after buying an additional 62 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Atmos Energy by 0.8% in the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after buying an additional 65 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after buying an additional 66 shares during the period. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Price Performance
NYSE ATO opened at $173.12 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a 1 year low of $154.55 and a 1 year high of $192.51. The company has a market cap of $28.90 billion, a PE ratio of 21.27, a PEG ratio of 3.03 and a beta of 0.60. The stock’s 50-day moving average price is $173.65 and its two-hundred day moving average price is $178.01.
Atmos Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on ATO shares. Morgan Stanley set a $196.00 target price on Atmos Energy in a research note on Wednesday, July 22nd. Barclays dropped their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Mizuho lowered their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $186.92.
Read Our Latest Report on Atmos Energy
Atmos Energy 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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