Atmos Energy Co. (ATO) Stake Lifted by Retirement Systems of Alabama

Retirement Systems of Alabama increased its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,653 shares of the utilities provider’s stock after buying an additional 7,740 shares during the period. Retirement Systems of Alabama owned about 0.25% of Atmos Energy worth $26,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc raised its stake in Atmos Energy by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 11,741,047 shares of the utilities provider’s stock valued at $1,102,603,000 after purchasing an additional 159,027 shares during the last quarter. BlackRock Inc. raised its stake in Atmos Energy by 2.7% in the 3rd quarter. BlackRock Inc. now owns 11,273,482 shares of the utilities provider’s stock valued at $1,058,693,000 after purchasing an additional 295,395 shares during the last quarter. Magellan Asset Management Ltd raised its stake in Atmos Energy by 8.9% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,089,064 shares of the utilities provider’s stock valued at $196,184,000 after purchasing an additional 170,894 shares during the last quarter. Cohen & Steers Inc. raised its stake in Atmos Energy by 0.3% in the 3rd quarter. Cohen & Steers Inc. now owns 1,458,673 shares of the utilities provider’s stock valued at $136,984,000 after purchasing an additional 4,993 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Atmos Energy by 0.3% in the 3rd quarter. Marshall Wace North America L.P. now owns 1,421,522 shares of the utilities provider’s stock valued at $133,496,000 after purchasing an additional 4,439 shares during the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.

Several research firms recently commented on ATO. Argus reissued a “buy” rating and issued a $101.00 price objective on shares of Atmos Energy in a research note on Monday, December 31st. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Monday, December 31st. UBS Group downgraded Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research note on Thursday, December 13th. They noted that the move was a valuation call. Citigroup increased their price objective on Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Finally, Bank of America increased their price objective on Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $99.33.

Shares of ATO opened at $92.42 on Friday. Atmos Energy Co. has a 52-week low of $76.46 and a 52-week high of $100.76. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 3.26 and a beta of 0.17. 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 issued its earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The company had revenue of $444.70 million during the quarter, compared to analyst estimates of $613.41 million. During the same period last year, the business earned $0.34 earnings per share. The firm’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Atmos Energy Co. will post 4.28 EPS for the current fiscal year.

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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 the regulated natural gas distribution and related sales operations in eight states.

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

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