Charles Schwab Investment Management Inc. Sells 348,210 Shares of Atmos Energy Co. (NYSE:ATO)

Charles Schwab Investment Management Inc. cut its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 30.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 787,177 shares of the utilities provider’s stock after selling 348,210 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of Atmos Energy worth $83,386,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Glassman Wealth Services lifted its holdings in Atmos Energy by 73.3% during the 2nd quarter. Glassman Wealth Services now owns 234 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in Atmos Energy by 1.7% during the 2nd quarter. Pinnacle Financial Partners Inc now owns 6,094 shares of the utilities provider’s stock worth $709,000 after purchasing an additional 100 shares during the last quarter. D.A. Davidson & CO. increased its stake in Atmos Energy by 1.0% during the 3rd quarter. D.A. Davidson & CO. now owns 10,338 shares of the utilities provider’s stock worth $1,095,000 after acquiring an additional 103 shares during the period. Thrivent Financial for Lutherans increased its stake in Atmos Energy by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,224 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 103 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in Atmos Energy by 0.9% during the 1st quarter. Segall Bryant & Hamill LLC now owns 11,354 shares of the utilities provider’s stock worth $1,275,000 after acquiring an additional 104 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ATO shares. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Barclays lowered their price objective on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 22nd. Mizuho raised their price objective on Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Morgan Stanley lowered their price objective on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and a consensus target price of $123.50.

View Our Latest Stock Analysis on ATO

Atmos Energy Trading Up 0.2 %

NYSE ATO opened at $113.11 on Monday. The company has a quick ratio of 0.47, a current ratio of 1.44 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $125.28. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67. The business’s fifty day moving average is $114.69 and its 200 day moving average is $113.59.

Atmos Energy (NYSE:ATOGet Free Report) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.01). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.71 billion. Atmos Energy had a return on equity of 8.62% and a net margin of 23.43%. During the same period in the previous year, the firm posted $1.91 earnings per share. As a group, sell-side analysts expect that Atmos Energy Co. will post 6.57 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s payout ratio is presently 51.11%.

Insiders Place Their Bets

In other Atmos Energy news, VP Richard M. Thomas sold 1,750 shares of Atmos Energy stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $114.20, for a total transaction of $199,850.00. Following the transaction, the vice president now directly owns 2,650 shares of the company’s stock, valued at approximately $302,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

About Atmos Energy

(Free Report)

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

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