Waterloo Capital L.P. grew its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,752 shares of the utilities provider’s stock after acquiring an additional 4,330 shares during the quarter. Waterloo Capital L.P.’s holdings in Atmos Energy were worth $4,820,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in Atmos Energy in the fourth quarter worth about $25,000. Kingdom Financial Group LLC. acquired a new stake in Atmos Energy in the fourth quarter worth about $26,000. JFS Wealth Advisors LLC boosted its holdings in Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. Princeton Global Asset Management LLC raised its stake in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Atmos Energy by 105.4% during the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
Atmos Energy Trading Down 2.4%
Atmos Energy stock opened at $168.96 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65. The stock has a 50-day moving average price of $183.33 and a 200 day moving average price of $177.18.
Atmos Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.
Wall Street Analyst Weigh In
ATO has been the subject of a number of research reports. Truist Financial decreased their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Citigroup lifted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen lifted their target price on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, Morgan Stanley set a $183.00 target price on Atmos Energy in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $181.90.
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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