Allianz Asset Management GmbH raised its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,366 shares of the utilities provider’s stock after acquiring an additional 7,812 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Atmos Energy worth $17,805,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in ATO. Vanguard Group Inc. grew its stake in shares of Atmos Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock valued at $852,294,000 after buying an additional 150,691 shares in the last quarter. BlackRock Inc. grew its stake in shares of Atmos Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after buying an additional 255,277 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Atmos Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,376,644 shares of the utilities provider’s stock valued at $114,193,000 after buying an additional 23,431 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Atmos Energy by 22.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock valued at $93,578,000 after buying an additional 205,735 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in shares of Atmos Energy by 6.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,060,415 shares of the utilities provider’s stock valued at $87,961,000 after buying an additional 62,854 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors.
ATO has been the subject of a number of recent analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a $77.00 target price (up previously from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. J P Morgan Chase & Co upped their target price on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Argus upped their target price on Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub raised Atmos Energy from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $89.50.
Shares of Atmos Energy Corporation (NYSE:ATO) opened at $89.28 on Wednesday. The stock has a market capitalization of $10,193.65, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 3.68 and a beta of 0.40. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79. Atmos Energy Corporation has a 12-month low of $72.02 and a 12-month high of $93.56.
Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. During the same period in the prior year, the firm posted $0.40 EPS. equities analysts forecast that Atmos Energy Corporation will post 3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, November 24th. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.17%. Atmos Energy’s payout ratio is 51.87%.
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About Atmos Energy
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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