Atmos Energy Co. (NYSE:ATO) Shares Sold by PFG Investments LLC

PFG Investments LLC lessened its holdings in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 17.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the utilities provider’s stock after selling 407 shares during the period. PFG Investments LLC’s holdings in Atmos Energy were worth $261,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co grew its stake in shares of Atmos Energy by 3.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,224 shares of the utilities provider’s stock worth $20,957,000 after purchasing an additional 6,641 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Atmos Energy during the first quarter worth about $1,876,000. Swedbank AB grew its position in Atmos Energy by 565.3% during the second quarter. Swedbank AB now owns 40,621 shares of the utilities provider’s stock worth $4,738,000 after buying an additional 34,515 shares during the period. M&G Plc purchased a new position in Atmos Energy in the first quarter valued at about $32,941,000. Finally, FORA Capital LLC acquired a new stake in shares of Atmos Energy during the 1st quarter valued at approximately $3,010,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

NYSE:ATO opened at $139.62 on Thursday. Atmos Energy Co. has a 12-month low of $106.69 and a 12-month high of $144.32. The firm has a market cap of $21.07 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.83 and a beta of 0.68. The company’s 50-day moving average is $136.72 and its two-hundred day moving average is $125.58. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATOGet Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $701.55 million for the quarter, compared to analyst estimates of $924.75 million. Atmos Energy had a net margin of 25.09% and a return on equity of 8.94%. During the same quarter last year, the business earned $0.94 earnings per share. Research analysts expect that Atmos Energy Co. will post 6.79 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a dividend of $0.805 per share. The ex-dividend date was Monday, August 26th. This represents a $3.22 annualized dividend and a yield of 2.31%. Atmos Energy’s dividend payout ratio (DPR) is presently 48.28%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on Atmos Energy in a report on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 target price on the stock. LADENBURG THALM/SH SH lifted their price target on Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their target price on shares of Atmos Energy from $128.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $143.94.

Get Our Latest Report on Atmos Energy

Atmos Energy 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.

See Also

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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