Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Atmos Energy Co. (NYSE:ATO) by 66.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,834 shares of the utilities provider’s stock after selling 13,672 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Atmos Energy were worth $703,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valeo Financial Advisors LLC raised its stake in shares of Atmos Energy by 1,666.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock worth $27,000 after buying an additional 250 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Atmos Energy by 105.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after buying an additional 146 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of Atmos Energy during the 1st quarter worth approximately $31,000. Phocas Financial Corp. purchased a new position in shares of Atmos Energy during the 4th quarter worth approximately $35,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Atmos Energy during the 4th quarter worth approximately $37,000. 76.52% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.00.
NYSE ATO opened at $102.81 on Friday. Atmos Energy Co. has a 1-year low of $84.35 and a 1-year high of $104.07. The company has a market capitalization of $12.03 billion, a P/E ratio of 25.70, a PEG ratio of 3.63 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.14. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $1.57 EPS. Atmos Energy’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities research analysts expect that Atmos Energy Co. will post 4.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s payout ratio is currently 52.50%.
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About Atmos Energy
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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