Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,341 shares of the utilities provider’s stock, valued at approximately $560,000.
A number of other hedge funds have also recently bought and sold shares of ATO. Checchi Capital Advisers LLC increased its holdings in shares of Atmos Energy by 3.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 60 shares during the period. MGO One Seven LLC lifted 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 lifted 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 grew its position in Atmos Energy by 1.2% during the fourth quarter. Horizon Investments LLC now owns 5,439 shares of the utilities provider’s stock worth $912,000 after buying an additional 67 shares in the last quarter. Finally, PAX Financial Group LLC grew its position in Atmos Energy by 2.3% during the third quarter. PAX Financial Group LLC now owns 3,178 shares of the utilities provider’s stock worth $543,000 after buying an additional 70 shares in the last quarter. 90.17% of the stock is owned by institutional investors.
Atmos Energy Stock Performance
NYSE:ATO opened at $177.35 on Friday. The firm has a market capitalization of $29.60 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.05 and a beta of 0.65. 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 Corporation has a 12-month low of $149.98 and a 12-month high of $192.51. The firm has a 50-day moving average price of $184.68 and a 200 day moving average price of $177.16.
Atmos Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s payout ratio is currently 49.14%.
Wall Street Analysts Forecast Growth
ATO has been the subject of several recent research reports. Morgan Stanley set a $183.00 price target on Atmos Energy in a report on Thursday. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday. TD Cowen boosted their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Weiss Ratings lowered Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. Finally, 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 report on Wednesday, April 8th. One investment 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 presently has a consensus rating of “Hold” and an average target price of $181.50.
Get Our Latest Stock Analysis 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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