Millennium Management LLC Acquires 112,906 Shares of Atmos Energy Co. (ATO)

Millennium Management LLC boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 100.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 225,178 shares of the utilities provider’s stock after buying an additional 112,906 shares during the period. Millennium Management LLC owned approximately 0.19% of Atmos Energy worth $20,879,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ATO. Phocas Financial Corp. bought a new stake in Atmos Energy during the 4th quarter valued at approximately $35,000. Clarus Wealth Advisors bought a new stake in Atmos Energy during the 4th quarter valued at approximately $37,000. JOYN Advisors Inc. boosted its position in Atmos Energy by 37.9% during the 4th quarter. JOYN Advisors Inc. now owns 451 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 124 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Atmos Energy by 112.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,034 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 548 shares in the last quarter. Finally, Resources Investment Advisors Inc. boosted its position in Atmos Energy by 222.2% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,276 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 880 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Several analysts have weighed in on ATO shares. Argus reaffirmed a “buy” rating and set a $101.00 price objective on shares of Atmos Energy in a research report on Monday, December 31st. Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Atmos Energy has a consensus rating of “Hold” and a consensus target price of $102.00.

NYSE ATO traded up $0.52 during mid-day trading on Wednesday, reaching $100.09. The stock had a trading volume of 842,558 shares, compared to its average volume of 1,206,029. Atmos Energy Co. has a 1 year low of $84.35 and a 1 year high of $104.07. The firm has a market cap of $11.64 billion, a P/E ratio of 25.02, a PEG ratio of 3.55 and a beta of 0.27. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.58.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.05. Atmos Energy had a net margin of 14.39% and a return on equity of 9.17%. The company had revenue of $877.78 million during the quarter, compared to analyst estimates of $969.71 million. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Atmos Energy Co. will post 4.3 earnings per share for the current fiscal year.

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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 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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