Capital Fund Management S.A. Invests $8.07 Million in Atmos Energy Co. (NYSE:ATO)

Capital Fund Management S.A. acquired a new stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,607 shares of the utilities provider’s stock, valued at approximately $8,067,000.

Several other hedge funds have also made changes to their positions in ATO. Norges Bank bought a new position in Atmos Energy during the fourth quarter valued at about $137,757,000. Vanguard Group Inc. grew its holdings in shares of Atmos Energy by 2.9% during the 3rd 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 in the last quarter. Wellington Management Group LLP increased its position in shares of Atmos Energy by 5.3% during the third quarter. Wellington Management Group LLP now owns 8,990,424 shares of the utilities provider’s stock valued at $952,356,000 after purchasing an additional 452,247 shares during the period. Reaves W H & Co. Inc. increased its position in shares of Atmos Energy by 281.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock valued at $65,208,000 after purchasing an additional 415,054 shares during the period. Finally, Royal Bank of Canada raised its stake 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 valued at $126,253,000 after purchasing an additional 382,167 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

NYSE:ATO opened at $115.44 on Tuesday. The firm has a market cap of $17.42 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.43 and a beta of 0.67. The company’s 50-day moving average price is $116.43 and its two-hundred day moving average price is $115.30. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. 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 announced its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $2.48 EPS. Atmos Energy’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Atmos Energy Co. will post 6.75 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a $0.805 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.79%. Atmos Energy’s dividend payout ratio (DPR) is presently 48.28%.

Analyst Ratings Changes

ATO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. UBS Group began coverage on shares of Atmos Energy in a research report on Friday, April 12th. They set a “neutral” rating and a $124.00 target price on the stock. Wells Fargo & Company upgraded shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $130.00 to $132.00 in a research note on Tuesday, May 14th. Barclays lifted their price objective on Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Finally, Mizuho increased their target price on Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.17.

Check Out Our Latest Report on Atmos Energy

Insider Activity at Atmos Energy

In other Atmos Energy news, Director Diana J. Walters sold 400 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $118.00, for a total transaction of $47,200.00. Following the sale, the director now owns 3,551 shares of the company’s stock, valued at approximately $419,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kim R. Cocklin sold 15,000 shares of Atmos Energy stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total value of $1,746,900.00. Following the completion of the sale, the director now directly owns 186,339 shares of the company’s stock, valued at approximately $21,701,039.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the sale, the director now owns 3,551 shares of the company’s stock, valued at approximately $419,018. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

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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