Bath Savings Trust Co Sells 260 Shares of Atmos Energy Co. (NYSE:ATO)

Bath Savings Trust Co trimmed its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,860 shares of the utilities provider’s stock after selling 260 shares during the quarter. Bath Savings Trust Co’s holdings in Atmos Energy were worth $679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP raised its stake in Atmos Energy by 984.6% in the third quarter. Baker Avenue Asset Management LP now owns 282 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 256 shares in the last quarter. VisionPoint Advisory Group LLC raised its stake in Atmos Energy by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 152 shares in the last quarter. RVW Wealth LLC acquired a new position in Atmos Energy during the third quarter worth about $32,000. Ronald Blue Trust Inc. raised its stake in Atmos Energy by 80.5% during the third quarter. Ronald Blue Trust Inc. now owns 296 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 132 shares in the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in Atmos Energy during the fourth quarter worth about $43,000. 90.98% of the stock is owned by institutional investors.

Atmos Energy Stock Performance

Shares of ATO stock opened at $114.55 on Monday. The business’s 50 day simple moving average is $114.12 and its 200 day simple moving average is $112.93. Atmos Energy Co. has a one year low of $101.00 and a one year high of $125.28. The stock has a market capitalization of $17.28 billion, a PE ratio of 18.18, a PEG ratio of 2.43 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25.

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). Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company earned $1.91 earnings per share. As a group, research analysts forecast that Atmos Energy Co. will post 6.59 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were paid a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 51.11%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ATO. Mizuho boosted their target price on Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Morgan Stanley reduced their price target on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, November 21st. Finally, Barclays reduced their price target on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.20.

Read Our Latest Stock Report on Atmos Energy

Atmos Energy Company Profile

(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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