Northwestern Mutual Investment Management Company LLC decreased its position in shares of Atmos Energy Co. (NYSE:ATO) by 19.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,762 shares of the utilities provider’s stock after selling 4,328 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Atmos Energy were worth $1,828,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of ATO. Valeo Financial Advisors LLC lifted its position in Atmos Energy by 1,666.7% during the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 250 shares during the period. Cornerstone Advisors Inc. grew its position in Atmos Energy by 105.0% during the first quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after buying an additional 146 shares during the period. Lenox Wealth Management Inc. purchased a new position in Atmos Energy during the first quarter valued at approximately $31,000. Phocas Financial Corp. purchased a new position in Atmos Energy during the fourth quarter valued at approximately $35,000. Finally, Clarus Wealth Advisors purchased a new position in Atmos Energy during the fourth quarter valued at approximately $37,000. 82.12% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $102.00.
Shares of NYSE ATO traded down $3.85 during midday trading on Wednesday, reaching $104.08. 832,300 shares of the stock were exchanged, compared to its average volume of 1,040,978. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 3.81 and a beta of 0.26. Atmos Energy Co. has a twelve month low of $87.88 and a twelve month high of $108.46. The firm has a 50-day moving average price of $103.32. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.57 EPS. On average, analysts forecast that Atmos Energy Co. will post 4.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.525 per share. The ex-dividend date was Friday, May 24th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.02%. Atmos Energy’s payout ratio is 52.50%.
Atmos Energy Profile
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 the regulated natural gas distribution and related sales operations in eight states.
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