Cordatus Wealth Management LLC Acquires New Holdings in Atmos Energy Co. (NYSE:ATO)

Cordatus Wealth Management LLC acquired a new stake in Atmos Energy Co. (NYSE:ATOGet Rating) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,025 shares of the utilities provider’s stock, valued at approximately $1,155,000.

A number of other large investors have also recently added to or reduced their stakes in ATO. Morgan Stanley boosted its position in Atmos Energy by 37.7% during the 2nd quarter. Morgan Stanley now owns 911,744 shares of the utilities provider’s stock worth $87,627,000 after acquiring an additional 249,589 shares during the last quarter. Sigma Planning Corp boosted its holdings in shares of Atmos Energy by 12.9% in the 3rd quarter. Sigma Planning Corp now owns 4,759 shares of the utilities provider’s stock valued at $420,000 after buying an additional 545 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Atmos Energy by 7.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,187 shares of the utilities provider’s stock valued at $370,000 after buying an additional 300 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Atmos Energy by 100.0% in the 3rd quarter. Nordea Investment Management AB now owns 13,272 shares of the utilities provider’s stock valued at $1,180,000 after buying an additional 6,636 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Atmos Energy by 1.0% during the third quarter. Asset Management One Co. Ltd. now owns 163,517 shares of the utilities provider’s stock worth $14,422,000 after acquiring an additional 1,629 shares during the period. 85.21% of the stock is owned by hedge funds and other institutional investors.

NYSE ATO traded down $1.80 during mid-day trading on Monday, reaching $116.90. 9,925 shares of the stock were exchanged, compared to its average volume of 1,112,171. Atmos Energy Co. has a one year low of $85.80 and a one year high of $122.96. The stock has a 50 day simple moving average of $114.99 and a 200-day simple moving average of $104.50. The stock has a market cap of $15.83 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.02 and a beta of 0.47. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATOGet Rating) last announced its earnings results on Tuesday, February 8th. The utilities provider reported $1.86 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.86. Atmos Energy had a net margin of 19.88% and a return on equity of 8.77%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm earned $1.71 earnings per share. Atmos Energy’s quarterly revenue was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Atmos Energy Co. will post 5.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 7th. Shareholders of record on Monday, February 21st were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 17th. Atmos Energy’s payout ratio is 51.22%.

Several research firms have commented on ATO. Barclays raised their target price on shares of Atmos Energy from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, March 25th. TheStreet raised shares of Atmos Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 27th. JPMorgan Chase & Co. raised their price target on shares of Atmos Energy from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 19th. StockNews.com initiated coverage on shares of Atmos Energy in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, Morgan Stanley raised their price target on shares of Atmos Energy from $128.00 to $139.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. One 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. According to MarketBeat.com, Atmos Energy presently has an average rating of “Buy” and a consensus price target of $116.57.

In other Atmos Energy news, VP Richard M. Thomas sold 950 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $106.61, for a total value of $101,279.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Atmos Energy Company Profile (Get Rating)

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 two segments, Distribution, and Pipeline and Storage. 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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