Atmos Energy Co. (NYSE:ATO) Stake Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Atmos Energy Co. (NYSE:ATOGet Rating) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,234 shares of the utilities provider’s stock after selling 3,915 shares during the period. Allspring Global Investments Holdings LLC owned about 0.13% of Atmos Energy worth $20,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATO. BlackRock Inc. increased its stake in shares of Atmos Energy by 7.6% in the fourth quarter. BlackRock Inc. now owns 13,905,648 shares of the utilities provider’s stock worth $1,456,896,000 after buying an additional 987,165 shares during the last quarter. Deutsche Bank AG increased its stake in Atmos Energy by 31.1% during the fourth quarter. Deutsche Bank AG now owns 3,884,420 shares of the utilities provider’s stock valued at $406,971,000 after purchasing an additional 921,239 shares during the last quarter. GQG Partners LLC increased its stake in Atmos Energy by 20.3% during the first quarter. GQG Partners LLC now owns 4,310,190 shares of the utilities provider’s stock valued at $514,907,000 after purchasing an additional 728,412 shares during the last quarter. Vanguard Group Inc. increased its stake in Atmos Energy by 3.3% during the first quarter. Vanguard Group Inc. now owns 16,962,224 shares of the utilities provider’s stock valued at $2,026,815,000 after purchasing an additional 547,260 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Atmos Energy by 24.0% during the first quarter. Invesco Ltd. now owns 2,756,708 shares of the utilities provider’s stock valued at $329,399,000 after purchasing an additional 533,372 shares during the last quarter. Institutional investors own 90.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Atmos Energy in a research note on Wednesday. They set a “sell” rating for the company. Credit Suisse Group boosted their target price on shares of Atmos Energy to $131.00 in a research note on Tuesday, August 9th. Morgan Stanley lowered their target price on shares of Atmos Energy from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, September 22nd. Finally, Barclays lowered their target price on shares of Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.13.

Atmos Energy Stock Performance

Shares of ATO opened at $99.26 on Thursday. Atmos Energy Co. has a 1 year low of $88.10 and a 1 year high of $122.96. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a fifty day moving average of $112.61 and a 200-day moving average of $113.99.

Atmos Energy (NYSE:ATOGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The business had revenue of $816.43 million during the quarter, compared to the consensus estimate of $757.70 million. Atmos Energy had a net margin of 18.57% and a return on equity of 8.73%. During the same quarter in the prior year, the company posted $0.78 earnings per share. As a group, equities analysts anticipate that Atmos Energy Co. will post 5.58 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, August 19th. Atmos Energy’s payout ratio is currently 49.28%.

Atmos Energy Profile

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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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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

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