Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Atmos Energy Co. (NYSE:ATO) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 25,475 shares of the utilities provider’s stock, valued at approximately $2,622,000.
A number of other hedge funds also recently made changes to their positions in ATO. Oregon Public Employees Retirement Fund raised its position in Atmos Energy by 9,596.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,233,224 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 4,189,568 shares in the last quarter. BlackRock Inc. increased its position in shares of Atmos Energy by 20.0% in the fourth quarter. BlackRock Inc. now owns 13,525,109 shares of the utilities provider’s stock valued at $1,254,048,000 after buying an additional 2,251,627 shares in the last quarter. FMR LLC increased its position in shares of Atmos Energy by 68.7% in the fourth quarter. FMR LLC now owns 3,369,172 shares of the utilities provider’s stock valued at $312,389,000 after buying an additional 1,371,891 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $79,554,000. Finally, Ronna Sue Cohen increased its position in shares of Atmos Energy by 10,247.3% in the first quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock valued at $752,000 after buying an additional 745,079 shares in the last quarter. Institutional investors own 82.14% of the company’s stock.
Separately, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $102.00.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. As a group, equities analysts predict that Atmos Energy Co. will post 4.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.
About Atmos Energy
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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