D. E. Shaw & Co. Inc. Lowers Position in Atmos Energy Co. (ATO)

D. E. Shaw & Co. Inc. reduced its position in Atmos Energy Co. (NYSE:ATO) by 87.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,150 shares of the utilities provider’s stock after selling 22,000 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Atmos Energy were worth $292,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Atmos Energy by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 1,392,219 shares of the utilities provider’s stock valued at $130,743,000 after buying an additional 5,362 shares during the period. First Hawaiian Bank increased its position in shares of Atmos Energy by 15.2% during the fourth quarter. First Hawaiian Bank now owns 5,607 shares of the utilities provider’s stock valued at $520,000 after buying an additional 740 shares during the period. Strs Ohio increased its position in shares of Atmos Energy by 416.8% during the fourth quarter. Strs Ohio now owns 6,682 shares of the utilities provider’s stock valued at $619,000 after buying an additional 5,389 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Atmos Energy during the third quarter valued at about $205,000. Finally, Gateway Investment Advisers LLC increased its position in shares of Atmos Energy by 226.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 45,817 shares of the utilities provider’s stock valued at $4,248,000 after buying an additional 31,781 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Shares of NYSE ATO opened at $101.11 on Tuesday. Atmos Energy Co. has a 12 month low of $83.45 and a 12 month high of $104.07. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.58. The stock has a market cap of $11.83 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 3.63 and a beta of 0.27.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The company had revenue of $877.78 million during the quarter, compared to analyst estimates of $969.71 million. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Atmos Energy’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts anticipate that Atmos Energy Co. will post 4.29 EPS for the current year.

Several brokerages have recently commented on ATO. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Tuesday, April 9th. Argus reissued a “buy” rating and set a $101.00 price objective on shares of Atmos Energy in a report on Monday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $102.00.

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Atmos Energy Profile

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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