New York Life Investment Management LLC Has $2.39 Million Position in Atmos Energy Co. (NYSE:ATO)

New York Life Investment Management LLC lifted its position in shares of Atmos Energy Co. (NYSE:ATO) by 1.0% during the 2nd quarter, Holdings Channel reports. The firm owned 20,505 shares of the utilities provider’s stock after purchasing an additional 201 shares during the quarter. New York Life Investment Management LLC’s holdings in Atmos Energy were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Atmos Energy by 165.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,945 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 1,213 shares during the last quarter. Kelman Lazarov Inc. acquired a new position in shares of Atmos Energy during the 2nd quarter worth about $205,000. Envestnet Asset Management Inc. increased its stake in shares of Atmos Energy by 3.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 190,804 shares of the utilities provider’s stock worth $22,198,000 after purchasing an additional 6,983 shares during the last quarter. American International Group Inc. increased its stake in shares of Atmos Energy by 1.3% during the 2nd quarter. American International Group Inc. now owns 46,534 shares of the utilities provider’s stock worth $5,414,000 after purchasing an additional 601 shares during the last quarter. Finally, Cibc World Markets Corp increased its stake in shares of Atmos Energy by 133.8% during the 2nd quarter. Cibc World Markets Corp now owns 16,929 shares of the utilities provider’s stock worth $1,970,000 after purchasing an additional 9,689 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

NYSE ATO opened at $111.49 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $16.55 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.32 and a beta of 0.65. Atmos Energy Co. has a 12-month low of $101.00 and a 12-month high of $125.28. The firm has a 50-day moving average price of $111.05 and a two-hundred day moving average price of $115.11.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Atmos Energy from $122.00 to $116.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 24th. Morgan Stanley reduced their target price on shares of Atmos Energy from $124.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Bank of America reduced their target price on shares of Atmos Energy from $135.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, August 16th. Mizuho reduced their target price on shares of Atmos Energy from $137.00 to $131.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. Finally, StockNews.com began coverage on shares of Atmos Energy in a report on Thursday, October 5th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $122.63.

About Atmos Energy

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.