Renaissance Technologies LLC bought a new position in Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 115,400 shares of the utilities provider’s stock, valued at approximately $8,557,000. Renaissance Technologies LLC owned about 0.11% of Atmos Energy at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ATO. State Street Corp boosted its position in shares of Atmos Energy by 4.8% in the fourth quarter. State Street Corp now owns 6,595,562 shares of the utilities provider’s stock worth $489,054,000 after buying an additional 303,055 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Atmos Energy by 5.4% in the third quarter. BlackRock Fund Advisors now owns 3,944,167 shares of the utilities provider’s stock worth $293,722,000 after buying an additional 201,343 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Atmos Energy by 3.3% in the third quarter. Hennessy Advisors Inc. now owns 1,422,136 shares of the utilities provider’s stock worth $105,906,000 after buying an additional 45,400 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Atmos Energy by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 1,262,845 shares of the utilities provider’s stock worth $94,045,000 after buying an additional 20,284 shares in the last quarter. Finally, Sfmg LLC boosted its stake in Atmos Energy by 0.8% in the third quarter. Sfmg LLC now owns 1,027,060 shares of the utilities provider’s stock worth $76,485,000 after buying an additional 7,992 shares in the last quarter. 69.86% of the stock is owned by institutional investors and hedge funds.
Atmos Energy Co. (NYSE:ATO) traded down 0.11% on Friday, reaching $79.83. The company’s stock had a trading volume of 385,950 shares. Atmos Energy Co. has a 12 month low of $68.51 and a 12 month high of $81.97. The company has a market cap of $8.40 billion, a P/E ratio of 22.38 and a beta of 0.29. The stock’s 50 day moving average price is $79.44 and its 200 day moving average price is $75.05.
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Separately, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, February 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.80.
Atmos Energy Company Profile
Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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