Metropolitan Life Insurance Co NY grew its position in Atmos Energy Co. (NYSE:ATO) by 1.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,676 shares of the utilities provider’s stock after purchasing an additional 263 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Atmos Energy were worth $2,013,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. Invesco Ltd. raised its holdings in shares of Atmos Energy by 153.1% in the 2nd quarter. Invesco Ltd. now owns 2,132,008 shares of the utilities provider’s stock valued at $225,055,000 after purchasing an additional 1,289,585 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Atmos Energy in the 2nd quarter worth approximately $1,734,000. Nuveen Asset Management LLC grew its position in shares of Atmos Energy by 950.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 765,991 shares of the utilities provider’s stock worth $80,858,000 after buying an additional 693,076 shares during the last quarter. Luminus Management LLC raised its stake in shares of Atmos Energy by 293.1% during the 2nd quarter. Luminus Management LLC now owns 893,511 shares of the utilities provider’s stock worth $94,319,000 after acquiring an additional 666,193 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Atmos Energy by 1,515.1% during the 3rd quarter. Millennium Management LLC now owns 340,306 shares of the utilities provider’s stock worth $38,757,000 after acquiring an additional 319,236 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on ATO. UBS Group upgraded shares of Atmos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $119.00 to $120.00 in a research note on Wednesday. ValuEngine downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Bank of America started coverage on Atmos Energy in a report on Wednesday. They set a “neutral” rating and a $109.00 price objective for the company. Finally, Goldman Sachs Group assumed coverage on Atmos Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $121.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $116.50.
In other news, SVP David J. Park sold 4,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $106.92, for a total transaction of $427,680.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.39% of the stock is currently owned by insiders.
Shares of ATO opened at $105.47 on Wednesday. Atmos Energy Co. has a 52 week low of $87.88 and a 52 week high of $115.19. The company has a quick ratio of 0.27, a current ratio of 0.38 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.28 and a beta of 0.14. The stock’s 50-day moving average price is $109.47 and its 200-day moving average price is $108.26.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. Atmos Energy had a return on equity of 9.19% and a net margin of 17.62%. The company had revenue of $443.68 million during the quarter, compared to analysts’ expectations of $582.98 million. During the same period last year, the business earned $0.41 earnings per share. Atmos Energy’s quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that Atmos Energy Co. will post 4.66 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be issued a $0.575 dividend. This is a boost from Atmos Energy’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.30 dividend on an annualized basis and a yield of 2.18%. Atmos Energy’s payout ratio is presently 52.87%.
Atmos Energy Profile
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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