Westerkirk Capital Inc. grew its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 218.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,361 shares of the utilities provider’s stock after purchasing an additional 27,700 shares during the quarter. Westerkirk Capital Inc.’s holdings in Atmos Energy were worth $6,766,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Atmos Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock valued at $3,525,687,000 after purchasing an additional 276,485 shares during the last quarter. Capital International Investors grew its position in shares of Atmos Energy by 8.5% in the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after purchasing an additional 927,986 shares during the last quarter. State Street Corp grew its position in shares of Atmos Energy by 3.5% in the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock valued at $1,815,162,000 after purchasing an additional 356,942 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Atmos Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after purchasing an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Atmos Energy by 2.3% in the third quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock valued at $638,102,000 after purchasing an additional 84,786 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Stock Performance
Shares of ATO opened at $167.82 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.96 and a beta of 0.60. Atmos Energy Corporation has a 1 year low of $149.98 and a 1 year high of $192.51. The company’s 50 day simple moving average is $181.69 and its 200 day simple moving average is $176.83.
Atmos Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Morgan Stanley set a $183.00 price objective on shares of Atmos Energy in a research note on Thursday, May 21st. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 3rd. TD Cowen upped their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Citigroup upped their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Mizuho reduced their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $181.90.
Check Out Our Latest Report on ATO
Atmos Energy 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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