Coldstream Capital Management Inc. Has $516,000 Stake in Atmos Energy Co. (NYSE:ATO)

Coldstream Capital Management Inc. grew its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,716 shares of the utilities provider’s stock after acquiring an additional 104 shares during the period. Coldstream Capital Management Inc.’s holdings in Atmos Energy were worth $516,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ATO. Dunhill Financial LLC increased its stake in Atmos Energy by 1,542.9% in the third quarter. Dunhill Financial LLC now owns 230 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 216 shares in the last quarter. Innealta Capital LLC bought a new stake in Atmos Energy in the 2nd quarter valued at about $37,000. PFS Partners LLC acquired a new position in Atmos Energy during the 3rd quarter worth approximately $69,000. First Horizon Advisors Inc. boosted its holdings in Atmos Energy by 158.3% in the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 611 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Atmos Energy by 17.9% in the third quarter. GAMMA Investing LLC now owns 917 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 139 shares during the period. 90.17% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Edward Geiser purchased 2,500 shares of Atmos Energy stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $144.89 per share, for a total transaction of $362,225.00. Following the completion of the transaction, the director now owns 2,602 shares in the company, valued at $377,003.78. This represents a 2,450.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

ATO has been the topic of a number of research reports. Jefferies Financial Group began coverage on Atmos Energy in a research report on Wednesday, October 2nd. They set a “hold” rating and a $155.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on shares of Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Morgan Stanley lowered their target price on shares of Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Bank of America started coverage on Atmos Energy in a research note on Friday. They set a “buy” rating and a $156.00 price target for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atmos Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.61.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $140.58 on Friday. The company has a market capitalization of $21.85 billion, a PE ratio of 20.46, a PEG ratio of 2.80 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $143.31 and its 200-day moving average price is $131.85. Atmos Energy Co. has a twelve month low of $110.46 and a twelve month high of $152.65.

Atmos Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, November 25th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s dividend payout ratio is 50.66%.

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 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.