Atmos Energy Co. (ATO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 93.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,354 shares of the utilities provider’s stock after purchasing an additional 5,481 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Atmos Energy were worth $1,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ATO. Qube Research & Technologies Ltd acquired a new stake in Atmos Energy during the 2nd quarter worth approximately $111,000. NEXT Financial Group Inc acquired a new stake in Atmos Energy during the 3rd quarter worth approximately $115,000. Rockland Trust Co. acquired a new stake in Atmos Energy during the 3rd quarter worth approximately $201,000. Carnegie Capital Asset Management LLC acquired a new stake in Atmos Energy during the 2nd quarter worth approximately $209,000. Finally, Wedbush Securities Inc. acquired a new stake in Atmos Energy during the 2nd quarter worth approximately $210,000. 74.43% of the stock is owned by hedge funds and other institutional investors.

ATO has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Citigroup increased their target price on shares of Atmos Energy from $88.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley increased their target price on shares of Atmos Energy from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. Finally, ValuEngine raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $96.25.

NYSE ATO opened at $95.57 on Monday. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 3.20 and a beta of 0.11. Atmos Energy Co. has a fifty-two week low of $76.46 and a fifty-two week high of $100.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.25 and a quick ratio of 0.16.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. The company had revenue of $444.70 million during the quarter, compared to analysts’ expectations of $613.41 million. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, sell-side analysts forecast that Atmos Energy Co. will post 4.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 23rd. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. Atmos Energy’s dividend payout ratio is currently 52.50%.

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About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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

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