Axa Grows Position in Atmos Energy Co. (ATO)

Axa increased its stake in Atmos Energy Co. (NYSE:ATO) by 68.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,083 shares of the utilities provider’s stock after buying an additional 54,700 shares during the period. Axa owned 0.12% of Atmos Energy worth $12,591,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Atmos Energy by 6.4% during the second quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock valued at $989,565,000 after purchasing an additional 661,567 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Atmos Energy by 99.2% during the third quarter. Victory Capital Management Inc. now owns 538,247 shares of the utilities provider’s stock valued at $50,547,000 after purchasing an additional 268,046 shares in the last quarter. Magellan Asset Management Ltd increased its stake in shares of Atmos Energy by 12.4% during the second quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock valued at $172,904,000 after purchasing an additional 211,446 shares in the last quarter. Millennium Management LLC increased its stake in shares of Atmos Energy by 104.1% during the second quarter. Millennium Management LLC now owns 345,706 shares of the utilities provider’s stock valued at $31,162,000 after purchasing an additional 176,351 shares in the last quarter. Finally, Natixis increased its stake in shares of Atmos Energy by 577.7% during the second quarter. Natixis now owns 176,027 shares of the utilities provider’s stock valued at $15,867,000 after purchasing an additional 150,051 shares in the last quarter. 75.32% of the stock is owned by institutional investors.

NYSE:ATO opened at $97.15 on Monday. Atmos Energy Co. has a 52 week low of $76.46 and a 52 week high of $100.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.25. The company has a market cap of $10.82 billion, a PE ratio of 24.29, a PEG ratio of 3.50 and a beta of 0.10.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $613.41 million. During the same quarter in the previous year, the company earned $0.34 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts predict that Atmos Energy Co. will post 4.27 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a dividend of $0.525 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, November 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.16%. Atmos Energy’s dividend payout ratio is presently 48.50%.

ATO has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Morgan Stanley raised their target price on shares of Atmos Energy from $99.00 to $102.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Finally, Barclays set a $91.00 target price on shares of Atmos Energy and gave the company a “sell” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $94.38.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.wkrb13.com/2018/11/26/axa-grows-position-in-atmos-energy-co-ato.html.

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

Featured Article: Stop Order

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATO).

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply