Atmos Energy Co. (ATO) Stake Raised by ING Groep NV
ING Groep NV increased its position in shares of Atmos Energy Co. (NYSE:ATO) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,722 shares of the utilities provider’s stock after acquiring an additional 3,732 shares during the quarter. ING Groep NV’s holdings in Atmos Energy were worth $1,436,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in Atmos Energy by 13.6% in the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after buying an additional 155 shares during the period. Cerebellum GP LLC acquired a new position in Atmos Energy in the 4th quarter valued at approximately $119,000. NEXT Financial Group Inc increased its stake in Atmos Energy by 159.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after buying an additional 975 shares during the period. Private Advisor Group LLC acquired a new position in Atmos Energy in the 3rd quarter valued at approximately $223,000. Finally, Engineers Gate Manager LP acquired a new position in Atmos Energy in the 4th quarter valued at approximately $240,000. Institutional investors and hedge funds own 66.69% of the company’s stock.
Several research analysts have weighed in on ATO shares. Zacks Investment Research lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $87.00 price objective (down previously from $90.00) on shares of Atmos Energy in a research note on Thursday. Barclays set a $80.00 price target on shares of Atmos Energy and gave the stock an “underweight” rating in a research note on Thursday. Finally, Argus dropped their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.40.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same quarter last year, the business posted $1.08 EPS. research analysts forecast that Atmos Energy Co. will post 4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.94 annualized dividend and a dividend yield of 2.39%. Atmos Energy’s dividend payout ratio (DPR) is 35.60%.
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About Atmos Energy
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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