Oppenheimer & Co. Inc. bought a new position in Atmos Energy Co. (NYSE:ATO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,874 shares of the utilities provider’s stock, valued at approximately $552,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATO. Qube Research & Technologies Ltd bought a new position in Atmos Energy in the 2nd quarter worth about $111,000. NEXT Financial Group Inc bought a new position in Atmos Energy in the 3rd quarter worth about $115,000. Rockland Trust Co. bought a new position in Atmos Energy in the 3rd quarter worth about $201,000. Eagle Global Advisors LLC bought a new position in Atmos Energy in the 2nd quarter worth about $207,000. Finally, Carnegie Capital Asset Management LLC bought a new position in Atmos Energy in the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 74.64% of the company’s stock.

Shares of Atmos Energy stock opened at $96.70 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.22 and a current ratio of 0.31. The stock has a market cap of $10.62 billion, a PE ratio of 26.86, a PEG ratio of 3.44 and a beta of 0.10. Atmos Energy Co. has a 12 month low of $76.46 and a 12 month high of $98.40.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to the consensus estimate of $613.41 million. Atmos Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. Research analysts forecast that Atmos Energy Co. will post 3.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be given a dividend of $0.525 per share. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.49. This represents a $2.10 annualized dividend and a dividend yield of 2.17%. Atmos Energy’s dividend payout ratio is 53.89%.

A number of brokerages have weighed in on ATO. Bank of America upped their target price on Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Morgan Stanley set a $103.00 target price on Atmos Energy and gave the stock a “buy” rating in a research note on Thursday, October 11th. Seaport Global Securities restated a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a research note on Thursday, August 16th. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Finally, ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $94.38.

In other news, Director Nancy K. Quinn sold 2,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total transaction of $186,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the transaction, the insider now owns 6,292 shares in the company, valued at $585,407.68. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

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About Atmos Energy

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 regulated natural gas distribution, and related sales and storage operations.

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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