J. Safra Sarasin Holding AG acquired a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,792 shares of the utilities provider’s stock, valued at approximately $2,312,000.
Several other large investors also recently modified their holdings of ATO. Root Financial Partners LLC acquired a new position in Atmos Energy in the third quarter valued at $25,000. JFS Wealth Advisors LLC grew its holdings in Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Atmos Energy in the 3rd quarter worth about $29,000. SBI Securities Co. Ltd. raised its position in shares of Atmos Energy by 105.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 98 shares in the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Atmos Energy in the 3rd quarter valued at about $33,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Trading Down 0.3%
Shares of Atmos Energy stock opened at $184.49 on Wednesday. The stock has a market capitalization of $30.52 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 3.20 and a beta of 0.74. Atmos Energy Corporation has a 52 week low of $141.59 and a 52 week high of $190.13. The stock has a 50 day moving average price of $178.81 and a two-hundred day moving average price of $173.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.13.
Atmos Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is currently 51.95%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Citigroup upped their target price on Atmos Energy from $163.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a report on Monday, December 29th. Barclays boosted their price target on Atmos Energy from $165.00 to $167.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. Morgan Stanley set a $192.00 price objective on shares of Atmos Energy in a research report on Friday, February 20th. Finally, Mizuho lifted their price objective on shares of Atmos Energy from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $175.67.
View Our Latest Stock Analysis on Atmos Energy
About Atmos Energy
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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