Energy Income Partners LLC Sells 1,902 Shares of Atmos Energy Co. (ATO)

Energy Income Partners LLC lessened its stake in Atmos Energy Co. (NYSE:ATO) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,275 shares of the utilities provider’s stock after selling 1,902 shares during the quarter. Energy Income Partners LLC owned approximately 0.21% of Atmos Energy worth $22,556,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Lido Advisors LLC purchased a new position in shares of Atmos Energy in the fourth quarter valued at $228,000. Shelter Harbor Advisors LP purchased a new position in shares of Atmos Energy in the fourth quarter valued at $9,272,000. Mackay Shields LLC purchased a new position in shares of Atmos Energy in the fourth quarter valued at $816,000. BOKF NA grew its position in shares of Atmos Energy by 1.6% in the fourth quarter. BOKF NA now owns 10,604 shares of the utilities provider’s stock valued at $983,000 after purchasing an additional 166 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of Atmos Energy by 5.2% in the fourth quarter. American International Group Inc. now owns 242,593 shares of the utilities provider’s stock valued at $22,493,000 after purchasing an additional 12,039 shares in the last quarter. Institutional investors own 78.89% of the company’s stock.

Atmos Energy stock opened at $101.51 on Monday. Atmos Energy Co. has a 52 week low of $79.49 and a 52 week high of $102.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.63 and a quick ratio of 0.53. The stock has a market cap of $11.87 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 3.63 and a beta of 0.26.

Atmos Energy (NYSE:ATO) last posted its earnings results on Tuesday, February 5th. The utilities provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The business had revenue of $877.78 million during the quarter, compared to analysts’ expectations of $969.71 million. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, equities research analysts predict that Atmos Energy Co. will post 4.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 25th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, February 22nd. Atmos Energy’s payout ratio is 52.50%.

Several equities analysts have recently weighed in on the company. UBS Group cut Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price target for the company. in a research report on Thursday, December 13th. They noted that the move was a valuation call. Citigroup lifted their price target on Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, November 29th. Argus reiterated a “buy” rating and issued a $101.00 price target on shares of Atmos Energy in a research report on Monday, December 31st. Finally, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Monday, December 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $99.33.

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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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