Donaldson Capital Management LLC boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 29.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,877 shares of the utilities provider’s stock after purchasing an additional 659 shares during the quarter. Donaldson Capital Management LLC’s holdings in Atmos Energy were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in Atmos Energy during the 2nd quarter worth approximately $25,000. Hexavest Inc. purchased a new position in Atmos Energy during the 2nd quarter worth approximately $27,000. Commonwealth Bank of Australia raised its position in Atmos Energy by 68.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 278 shares of the utilities provider’s stock worth $28,000 after buying an additional 113 shares during the last quarter. Front Row Advisors LLC purchased a new position in Atmos Energy during the 2nd quarter worth approximately $30,000. Finally, Shine Investment Advisory Services Inc. purchased a new position in Atmos Energy during the 2nd quarter worth approximately $47,000. 84.04% of the stock is owned by institutional investors.

Shares of ATO stock traded down $0.91 during trading hours on Friday, hitting $107.27. The stock had a trading volume of 754,529 shares, compared to its average volume of 703,663. The firm has a market capitalization of $12.76 billion, a PE ratio of 24.66, a PEG ratio of 3.33 and a beta of 0.16. Atmos Energy Co. has a twelve month low of $87.88 and a twelve month high of $115.19. The stock’s 50 day moving average is $112.01 and its 200 day moving average is $107.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.56 and a quick ratio of 0.44.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $443.68 million during the quarter, compared to the consensus estimate of $582.98 million. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, equities analysts predict that Atmos Energy Co. will post 4.63 earnings per share for the current year.

A number of equities analysts have issued reports on ATO shares. JPMorgan Chase & Co. raised their price target on shares of Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Wednesday, July 24th. Morgan Stanley dropped their price target on shares of Atmos Energy from $119.00 to $118.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Atmos Energy in a research note on Monday, September 2nd. Finally, Argus lifted their target price on shares of Atmos Energy to $125.00 and gave the stock a “positive” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $114.50.

Atmos Energy Company 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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