Atmos Energy Co. (ATO) Holdings Cut by Whittier Trust Co.
Whittier Trust Co. decreased its stake in shares of Atmos Energy Co. (NYSE:ATO) by 23.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,078 shares of the utilities provider’s stock after selling 16,565 shares during the quarter. Whittier Trust Co.’s holdings in Atmos Energy were worth $4,559,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Atmos Energy by 298.1% in the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock worth $3,208,000 after acquiring an additional 28,960 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Atmos Energy by 7.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock worth $1,908,000 after acquiring an additional 1,500 shares during the period. Wells Fargo & Company MN increased its stake in shares of Atmos Energy by 14.6% in the third quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock worth $32,370,000 after acquiring an additional 49,231 shares during the period. AMP Capital Investors Ltd increased its stake in shares of Atmos Energy by 19.6% in the third quarter. AMP Capital Investors Ltd now owns 115,757 shares of the utilities provider’s stock worth $9,705,000 after acquiring an additional 18,958 shares during the period. Finally, Patten Group Inc. increased its stake in shares of Atmos Energy by 1,403.7% in the third quarter. Patten Group Inc. now owns 78,118 shares of the utilities provider’s stock worth $436,000 after acquiring an additional 72,923 shares during the period. Institutional investors and hedge funds own 66.69% of the company’s stock.
Atmos Energy Co. (NYSE ATO) opened at $81.11 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. The stock has a market cap of $9,000.58, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.90 and a beta of 0.30. Atmos Energy Co. has a twelve month low of $74.47 and a twelve month high of $93.56.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued 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 payout ratio is 35.60%.
ATO has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Tuesday, December 12th. Argus cut their price objective on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. lowered their price target on shares of Atmos Energy from $101.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Finally, Barclays set a $80.00 price target on shares of Atmos Energy and gave the stock an “underweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.40.
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Atmos Energy Company 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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