MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $57.27 Million Position in Atmos Energy Co. (NYSE:ATO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Atmos Energy Co. (NYSE:ATO) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 412,195 shares of the utilities provider’s stock after selling 40,863 shares during the quarter. Atmos Energy makes up 1.8% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its 17th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Atmos Energy were worth $57,266,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its stake in Atmos Energy by 3.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,217 shares of the utilities provider’s stock valued at $309,000 after purchasing an additional 75 shares in the last quarter. Albert D Mason Inc. increased its position in shares of Atmos Energy by 0.8% during the fourth quarter. Albert D Mason Inc. now owns 9,865 shares of the utilities provider’s stock worth $1,374,000 after acquiring an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Atmos Energy by 3.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,307 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 82 shares during the last quarter. Global Retirement Partners LLC lifted its position in Atmos Energy by 1.4% in the 3rd quarter. Global Retirement Partners LLC now owns 5,973 shares of the utilities provider’s stock valued at $829,000 after acquiring an additional 85 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Atmos Energy by 0.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,147 shares of the utilities provider’s stock valued at $1,407,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In other news, Director Edward Geiser bought 2,500 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $144.89 per share, for a total transaction of $362,225.00. Following the completion of the purchase, the director now directly owns 2,602 shares in the company, valued at $377,003.78. This represents a 2,450.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ATO shares. Morgan Stanley lowered their price objective on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Argus raised Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Friday, December 20th. Jefferies Financial Group began coverage on Atmos Energy in a research note on Wednesday, October 2nd. They set a “hold” rating and a $155.00 price objective on the stock. LADENBURG THALM/SH SH upped their target price on shares of Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Mizuho raised their price target on shares of Atmos Energy from $148.00 to $165.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.75.

Atmos Energy Stock Performance

NYSE ATO opened at $139.75 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 0.94. The company has a market capitalization of $21.72 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. Atmos Energy Co. has a 52-week low of $110.46 and a 52-week high of $152.65. The company has a 50-day simple moving average of $142.67 and a 200 day simple moving average of $136.61.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Monday, November 25th. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s payout ratio is 50.66%.

Atmos Energy Company 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.