Vinva Investment Management Ltd Raises Stock Holdings in Atmos Energy Co. (NYSE:ATO)

Vinva Investment Management Ltd increased its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 183.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,788 shares of the utilities provider’s stock after purchasing an additional 5,684 shares during the quarter. Vinva Investment Management Ltd’s holdings in Atmos Energy were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in shares of Atmos Energy by 10.8% in the third quarter. Amalgamated Bank now owns 39,357 shares of the utilities provider’s stock valued at $4,169,000 after buying an additional 3,843 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Atmos Energy by 1.0% in the 3rd quarter. D.A. Davidson & CO. now owns 10,338 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 103 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Atmos Energy by 5.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,042 shares of the utilities provider’s stock valued at $1,170,000 after acquiring an additional 559 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of Atmos Energy by 102.9% during the 3rd quarter. Pathstone Family Office LLC now owns 14,710 shares of the utilities provider’s stock worth $1,558,000 after purchasing an additional 7,460 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Atmos Energy by 4.8% during the third quarter. HighTower Advisors LLC now owns 59,663 shares of the utilities provider’s stock worth $6,343,000 after purchasing an additional 2,708 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ATO. Morgan Stanley increased their target price on Atmos Energy from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. UBS Group began coverage on shares of Atmos Energy in a research report on Friday, April 12th. They issued a “neutral” rating and a $124.00 target price on the stock. Wells Fargo & Company raised shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $130.00 to $132.00 in a research report on Tuesday, May 14th. StockNews.com upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Mizuho upped their price objective on Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Atmos Energy has an average rating of “Moderate Buy” and an average price target of $129.17.

Check Out Our Latest Stock Analysis on ATO

Insider Activity

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the transaction, the director now owns 186,339 shares in the company, valued at approximately $21,701,039.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Diana J. Walters sold 400 shares of Atmos Energy stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $118.00, for a total value of $47,200.00. Following the completion of the sale, the director now owns 3,551 shares in the company, valued at $419,018. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the sale, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Atmos Energy Trading Down 0.6 %

Shares of ATO stock traded down $0.67 during mid-day trading on Friday, reaching $114.78. The company’s stock had a trading volume of 1,073,171 shares, compared to its average volume of 1,228,982. The company’s 50 day simple moving average is $116.47 and its 200-day simple moving average is $115.24. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a 12-month low of $101.00 and a 12-month high of $125.28. The firm has a market capitalization of $17.32 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company posted $2.48 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts predict that Atmos Energy Co. will post 6.75 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be given a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.81%. The ex-dividend date is Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is 48.28%.

Atmos Energy Company Profile

(Free Report)

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.

Further Reading

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

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