Cambiar Investors LLC decreased its holdings in Atmos Energy Co. (NYSE:ATO) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,603 shares of the utilities provider’s stock after selling 113 shares during the quarter. Cambiar Investors LLC’s holdings in Atmos Energy were worth $4,591,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Greenleaf Trust grew its position in Atmos Energy by 3.4% during the 4th quarter. Greenleaf Trust now owns 3,486 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 114 shares in the last quarter. Dean Investment Associates LLC grew its position in Atmos Energy by 1.0% during the 4th quarter. Dean Investment Associates LLC now owns 11,484 shares of the utilities provider’s stock worth $1,065,000 after purchasing an additional 119 shares in the last quarter. JOYN Advisors Inc. grew 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 worth $42,000 after purchasing an additional 124 shares in the last quarter. Cigna Investments Inc. New grew its position in Atmos Energy by 4.1% during the 4th quarter. Cigna Investments Inc. New now owns 3,251 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 127 shares in the last quarter. Finally, Advisor Partners LLC grew its position in Atmos Energy by 4.2% during the 1st quarter. Advisor Partners LLC now owns 3,199 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $102.00.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $1.57 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that Atmos Energy Co. will post 4.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 52.50%.
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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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