Atmos Energy Corp. (ATO) Position Decreased by Aperio Group LLC
Aperio Group LLC lowered its position in shares of Atmos Energy Corp. (NYSE:ATO) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,685 shares of the company’s stock after selling 612 shares during the period. Aperio Group LLC owned approximately 0.07% of Atmos Energy Corp. worth $5,785,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in ATO. Emerald Acquisition Ltd. acquired a new position in Atmos Energy Corp. during the second quarter worth approximately $41,295,000. Janus Capital Management LLC boosted its position in Atmos Energy Corp. by 369.4% in the second quarter. Janus Capital Management LLC now owns 574,100 shares of the company’s stock worth $46,686,000 after buying an additional 451,800 shares during the period. Lord Abbett & CO. LLC boosted its position in Atmos Energy Corp. by 103.5% in the second quarter. Lord Abbett & CO. LLC now owns 570,700 shares of the company’s stock worth $46,409,000 after buying an additional 290,300 shares during the period. APG Asset Management N.V. boosted its position in Atmos Energy Corp. by 66.8% in the third quarter. APG Asset Management N.V. now owns 635,497 shares of the company’s stock worth $47,325,000 after buying an additional 254,400 shares during the period. Finally, Jennison Associates LLC boosted its position in Atmos Energy Corp. by 27.8% in the second quarter. Jennison Associates LLC now owns 1,083,187 shares of the company’s stock worth $88,085,000 after buying an additional 235,373 shares during the period. Hedge funds and other institutional investors own 71.12% of the company’s stock.
Atmos Energy Corp. (NYSE:ATO) traded down 0.26% during midday trading on Monday, hitting $72.70. The company’s stock had a trading volume of 642,454 shares. Atmos Energy Corp. has a 52-week low of $60.00 and a 52-week high of $81.97. The company has a market cap of $7.56 billion, a PE ratio of 21.53 and a beta of 0.28. The stock has a 50 day moving average of $71.63 and a 200 day moving average of $74.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be paid a dividend of $0.45 per share. This is a positive change from Atmos Energy Corp.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.80 annualized dividend and a yield of 2.47%. Atmos Energy Corp.’s dividend payout ratio (DPR) is currently 52.94%.
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A number of equities analysts have recently commented on the company. Seaport Global Securities started coverage on Atmos Energy Corp. in a report on Friday, November 18th. They set a “buy” rating and a $80.00 price target for the company. Argus raised Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Monday, October 31st. Zacks Investment Research raised Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. lowered their target price on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Atmos Energy Corp. presently has an average rating of “Buy” and a consensus price target of $77.33.
Atmos Energy Corp. Company Profile
Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.
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