Ameriprise Financial Inc. decreased its holdings in Atmos Energy Corporation (NYSE:ATO) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,401 shares of the utilities provider’s stock after selling 10,458 shares during the period. Ameriprise Financial Inc. owned about 0.32% of Atmos Energy worth $28,623,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of Atmos Energy by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 314 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Atmos Energy by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 155 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new position in shares of Atmos Energy during the second quarter worth $216,000. Advisor Partners LLC grew its stake in shares of Atmos Energy by 2.6% during the second quarter. Advisor Partners LLC now owns 2,849 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 72 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Atmos Energy by 72.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,922 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 1,224 shares in the last quarter. Institutional investors and hedge funds own 69.96% of the company’s stock.
Atmos Energy Corporation (NYSE ATO) opened at $91.43 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53. The company has a market cap of $10,142.63, a price-to-earnings ratio of 24.92, a P/E/G ratio of 3.67 and a beta of 0.40. Atmos Energy Corporation has a 12 month low of $70.98 and a 12 month high of $93.56.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, November 24th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.45. Atmos Energy’s dividend payout ratio is currently 51.87%.
A number of brokerages recently commented on ATO. Argus boosted their target price on shares of Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group reiterated a “neutral” rating and set a $77.00 target price (up previously from $67.00) on shares of Atmos Energy in a research note on Friday, September 1st. BidaskClub upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, J P Morgan Chase & Co boosted their target price 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $86.80.
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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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