California State Teachers Retirement System Trims Stake in Atmos Energy Co. (ATO)

California State Teachers Retirement System lessened its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 6.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 213,728 shares of the utilities provider’s stock after selling 15,259 shares during the quarter. California State Teachers Retirement System owned about 0.20% of Atmos Energy worth $17,919,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Toronto Dominion Bank raised its holdings in Atmos Energy by 13.6% in the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 155 shares in the last quarter. NEXT Financial Group Inc raised its holdings 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 valued at $137,000 after acquiring an additional 975 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new stake in Atmos Energy in the second quarter valued at approximately $216,000. Oppenheimer Asset Management Inc. raised its holdings 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 valued at $242,000 after acquiring an additional 1,224 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Atmos Energy in the third quarter valued at approximately $247,000. 67.80% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atmos Energy Co. (NYSE ATO) opened at $86.55 on Thursday. 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 Co. has a 1-year low of $72.54 and a 1-year high of $93.56. The firm has a market cap of $9,838.74, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 3.32 and a beta of 0.40.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. During the same quarter last year, the firm posted $0.40 EPS. sell-side analysts expect that Atmos Energy Co. will post 3.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders 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 represents a $1.94 dividend on an annualized basis and a yield of 2.24%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. Atmos Energy’s dividend payout ratio (DPR) is presently 51.87%.

Several brokerages recently weighed in on ATO. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Tuesday, December 12th. Argus raised their target price on shares of Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. J P Morgan 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 report on Thursday, October 12th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.00.

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Atmos Energy Company 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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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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