Atmos Energy Co. (NYSE:ATO) Stock Position Raised by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 8,170.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,529 shares of the utilities provider’s stock after purchasing an additional 234,657 shares during the period. Assenagon Asset Management S.A. owned 0.16% of Atmos Energy worth $27,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Atmos Energy by 319.2% during the 4th quarter. Pacer Advisors Inc. now owns 37,215 shares of the utilities provider’s stock worth $4,313,000 after purchasing an additional 28,337 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of Atmos Energy by 3.8% during the 4th quarter. Portside Wealth Group LLC now owns 2,462 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 91 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its stake in shares of Atmos Energy by 1.2% during the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 40,377 shares of the utilities provider’s stock worth $4,680,000 after purchasing an additional 493 shares in the last quarter. HB Wealth Management LLC purchased a new stake in shares of Atmos Energy during the 4th quarter worth about $201,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Atmos Energy by 73.1% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 25,833 shares of the utilities provider’s stock valued at $2,994,000 after acquiring an additional 10,909 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATO has been the topic of a number of recent analyst reports. Barclays raised their price objective on Atmos Energy from $115.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Finally, Mizuho raised their price objective on Atmos Energy from $131.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.40.

Get Our Latest Stock Report on Atmos Energy

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $115.25 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.44 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $114.04 and its two-hundred day moving average is $113.02. The company has a market cap of $17.38 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.43 and a beta of 0.66. Atmos Energy Co. has a 12 month low of $101.00 and a 12 month high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.91 earnings per share. On average, equities analysts expect that Atmos Energy Co. will post 6.59 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, February 23rd. Atmos Energy’s dividend payout ratio is currently 51.11%.

Atmos Energy 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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