Schwab Charles Investment Management Inc. Has $31.93 Million Stake in Atmos Energy Co. (ATO)
Schwab Charles Investment Management Inc. grew its stake in shares of Atmos Energy Co. (NYSE:ATO) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,778 shares of the utilities provider’s stock after buying an additional 22,016 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Atmos Energy were worth $31,933,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of Atmos Energy by 298.1% during the 2nd quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock valued at $3,208,000 after buying an additional 28,960 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Atmos Energy by 7.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock valued at $1,908,000 after buying an additional 1,500 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Atmos Energy by 14.6% during the 3rd quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock valued at $32,370,000 after buying an additional 49,231 shares in the last quarter. AMP Capital Investors Ltd lifted its position in shares of Atmos Energy by 19.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 115,757 shares of the utilities provider’s stock valued at $9,705,000 after buying an additional 18,958 shares in the last quarter. Finally, Patten Group Inc. lifted its position in shares of Atmos Energy by 1,403.7% during the 3rd quarter. Patten Group Inc. now owns 78,118 shares of the utilities provider’s stock valued at $436,000 after buying an additional 72,923 shares in the last quarter. 66.69% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, December 12th. JPMorgan Chase & Co. lowered their price objective on Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Argus lowered their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, January 18th. Finally, Barclays set a $80.00 target price on Atmos Energy and gave the company an “underweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.40.
Atmos Energy (NYSE:ATO) last issued its earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.27. During the same period in the prior year, the company posted $1.08 EPS. equities analysts forecast that Atmos Energy Co. will post 4 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s dividend payout ratio (DPR) is presently 35.60%.
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Atmos Energy Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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