Wedbush Securities Inc. bought a new position in Atmos Energy Co. (NYSE:ATO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,333 shares of the utilities provider’s stock, valued at approximately $200,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ATO. Trustcore Financial Services LLC purchased a new position in shares of Atmos Energy in the 4th quarter worth $105,000. Toronto Dominion Bank raised its position in shares of 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 during the period. Independence Bank of Kentucky purchased a new position in shares of Atmos Energy in the 4th quarter worth $112,000. Cerebellum GP LLC purchased a new position in shares of Atmos Energy in the 4th quarter worth $119,000. Finally, NEXT Financial Group Inc raised its position in shares of Atmos Energy by 159.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock worth $137,000 after buying an additional 975 shares during the period. 67.45% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Co. (NYSE ATO) opened at $82.59 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.81 and a quick ratio of 0.64. Atmos Energy Co. has a 52-week low of $76.09 and a 52-week high of $93.56. The company has a market capitalization of $9,164.02, a PE ratio of 15.15, a price-to-earnings-growth ratio of 2.95 and a beta of 0.30.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a $0.485 dividend. This represents a $1.94 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 35.60%.
Several research analysts recently weighed in on ATO shares. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Argus cut their target price on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $87.00 target price (down from $90.00) on shares of Atmos Energy in a research report on Thursday, February 8th. Finally, Barclays set a $80.00 target price on Atmos Energy and gave the stock an “underweight” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.20.
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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