Bank of America Corp DE Raises Stock Position in Atmos Energy Co. (NYSE:ATO)

Bank of America Corp DE lifted its holdings in Atmos Energy Co. (NYSE:ATOGet Rating) by 58.7% in the first quarter, HoldingsChannel reports. The firm owned 1,440,552 shares of the utilities provider’s stock after buying an additional 533,021 shares during the quarter. Bank of America Corp DE’s holdings in Atmos Energy were worth $172,132,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank increased its position in shares of Atmos Energy by 13.3% in the 1st quarter. Huntington National Bank now owns 2,550 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 300 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Atmos Energy by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 72,310 shares of the utilities provider’s stock valued at $8,640,000 after buying an additional 829 shares in the last quarter. Ahrens Investment Partners LLC boosted its holdings in shares of Atmos Energy by 56.6% in the 1st quarter. Ahrens Investment Partners LLC now owns 783 shares of the utilities provider’s stock valued at $94,000 after buying an additional 283 shares in the last quarter. Arizona State Retirement System boosted its stake in Atmos Energy by 3.5% during the 1st quarter. Arizona State Retirement System now owns 36,862 shares of the utilities provider’s stock worth $4,405,000 after purchasing an additional 1,252 shares during the period. Finally, Kenfarb & CO. acquired a new stake in Atmos Energy during the 4th quarter worth $516,000. 90.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Atmos Energy to $131.00 in a research note on Tuesday, August 9th. Morgan Stanley increased their price target on shares of Atmos Energy from $129.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 23rd. StockNews.com cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 2nd. Finally, Barclays reduced their target price on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $123.38.

Atmos Energy Stock Down 0.8 %

ATO stock opened at $112.63 on Thursday. The company has a fifty day moving average of $115.83 and a 200-day moving average of $114.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.01. The stock has a market capitalization of $15.76 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 2.76 and a beta of 0.51. Atmos Energy Co. has a one year low of $85.80 and a one year high of $122.96.

Atmos Energy (NYSE:ATOGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Atmos Energy had a net margin of 18.57% and a return on equity of 8.73%. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, analysts expect that Atmos Energy Co. will post 5.57 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.41%. Atmos Energy’s dividend payout ratio is presently 49.28%.

Atmos Energy Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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