California Public Employees Retirement System grew its position in shares of Atmos Energy Co. (NYSE:ATO) by 11.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,404 shares of the utilities provider’s stock after buying an additional 28,104 shares during the quarter. California Public Employees Retirement System owned 0.25% of Atmos Energy worth $22,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in Atmos Energy by 13.6% in the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after buying an additional 155 shares in the last quarter. NEXT Financial Group Inc grew its position in Atmos Energy by 159.8% in the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 975 shares in the last quarter. Carnegie Capital Asset Management LLC purchased a new position in Atmos Energy in the second quarter worth about $216,000. Private Advisor Group LLC purchased a new position in Atmos Energy in the third quarter worth about $223,000. Finally, Oppenheimer Asset Management Inc. grew its position in Atmos Energy by 72.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,922 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 1,224 shares in the last quarter. 67.70% of the stock is currently owned by institutional investors.
ATO has been the subject of several analyst reports. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Atmos Energy presently has an average rating of “Buy” and a consensus price target of $89.20.
Atmos Energy Co. (NYSE:ATO) traded down $0.16 during midday trading on Friday, reaching $79.84. 738,075 shares of the company’s stock traded hands, compared to its average volume of 562,656. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79. Atmos Energy Co. has a fifty-two week low of $72.58 and a fifty-two week high of $93.56. The stock has a market capitalization of $8,850.00, a price-to-earnings ratio of 22.12, a P/E/G ratio of 3.09 and a beta of 0.40.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. During the same quarter in the previous year, the business earned $0.40 earnings per share. analysts forecast that Atmos Energy Co. will post 3.61 EPS for the current year.
Atmos Energy Profile
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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