State of Alaska Department of Revenue grew its holdings in Atmos Energy Co. (NYSE:ATO – Get Rating) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,481 shares of the utilities provider’s stock after purchasing an additional 2,030 shares during the quarter. State of Alaska Department of Revenue’s holdings in Atmos Energy were worth $6,219,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of ATO. JPMorgan Chase & Co. grew its holdings in Atmos Energy by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 417,759 shares of the utilities provider’s stock valued at $43,771,000 after buying an additional 3,301 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Atmos Energy by 12.4% during the fourth quarter. Private Advisor Group LLC now owns 6,533 shares of the utilities provider’s stock valued at $684,000 after acquiring an additional 719 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Atmos Energy by 112.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 17,290 shares of the utilities provider’s stock worth $1,812,000 after purchasing an additional 9,144 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Atmos Energy by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 952,403 shares of the utilities provider’s stock valued at $99,784,000 after purchasing an additional 41,539 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Atmos Energy by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 2,505,903 shares of the utilities provider’s stock valued at $261,871,000 after purchasing an additional 85,829 shares in the last quarter. 90.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Credit Suisse Group boosted their price target on Atmos Energy to $131.00 in a report on Tuesday, August 9th. Morgan Stanley raised their price objective on Atmos Energy from $129.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. Finally, StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.38.
Atmos Energy Price Performance
Atmos Energy (NYSE:ATO – Get Rating) last issued its earnings results on Wednesday, August 3rd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Atmos Energy had a return on equity of 8.73% and a net margin of 18.57%. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, research analysts predict that Atmos Energy Co. will post 5.57 EPS for the current year.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 19th. This represents a $2.72 dividend on an annualized basis and a yield of 2.36%. Atmos Energy’s dividend payout ratio (DPR) is 49.28%.
Atmos Energy Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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