Kentucky Retirement Systems Insurance Trust Fund Boosts Stake in Atmos Energy Co. (NYSE:ATO)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,290 shares of the utilities provider’s stock after purchasing an additional 119 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Atmos Energy were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATO. Vanguard Group Inc. boosted its position in shares of Atmos Energy by 2.9% in the third quarter. Vanguard Group Inc. now owns 19,347,371 shares of the utilities provider’s stock worth $2,049,467,000 after purchasing an additional 538,578 shares during the period. Wellington Management Group LLP boosted its position in shares of Atmos Energy by 5.3% in the third quarter. Wellington Management Group LLP now owns 8,990,424 shares of the utilities provider’s stock worth $952,356,000 after purchasing an additional 452,247 shares during the period. Reaves W H & Co. Inc. boosted its position in shares of Atmos Energy by 281.3% in the fourth quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock worth $65,208,000 after purchasing an additional 415,054 shares during the period. Royal Bank of Canada boosted its position in shares of Atmos Energy by 47.2% in the third quarter. Royal Bank of Canada now owns 1,191,850 shares of the utilities provider’s stock worth $126,253,000 after purchasing an additional 382,167 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Atmos Energy by 168.1% in the third quarter. Envestnet Asset Management Inc. now owns 511,621 shares of the utilities provider’s stock worth $54,196,000 after purchasing an additional 320,817 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.3 %

Shares of ATO opened at $118.30 on Tuesday. 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 $17.85 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.51 and a beta of 0.66. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65. The company’s fifty day simple moving average is $117.02 and its 200-day simple moving average is $115.03.

Atmos Energy (NYSE:ATOGet Free Report) last announced its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.23. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $2.48 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts expect that Atmos Energy Co. will post 6.75 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s dividend payout ratio is currently 48.28%.

Insider Activity

In other news, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the transaction, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the transaction, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diana J. Walters sold 400 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the completion of the transaction, the director now owns 3,551 shares in the company, valued at $419,018. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Atmos Energy from $121.00 to $129.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group began coverage on shares of Atmos Energy in a research note on Friday, April 12th. They set a “neutral” rating and a $124.00 price target on the stock. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Wells Fargo & Company raised shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $130.00 to $132.00 in a research note on Tuesday, May 14th. Finally, Mizuho upped their price target on shares of Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.17.

View Our Latest Research Report on ATO

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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