Trust Co. of Vermont cut its stake in shares of Atmos Energy Co. (NYSE:ATO) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,428 shares of the utilities provider’s stock after selling 898 shares during the period. Trust Co. of Vermont’s holdings in Atmos Energy were worth $2,900,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Trustcore Financial Services LLC acquired a new stake in Atmos Energy during the fourth quarter worth approximately $105,000. Envestnet Asset Management Inc. lifted its position in Atmos Energy by 184.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,603 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 1,039 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Atmos Energy by 273.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 1,238 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Atmos Energy during the fourth quarter worth approximately $200,000. Finally, Commerce Bank acquired a new stake in Atmos Energy during the fourth quarter worth approximately $202,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.
Get Atmos Energy alerts:Atmos Energy opened at $87.11 on Tuesday, according to MarketBeat.com. Atmos Energy Co. has a 1-year low of $76.46 and a 1-year high of $93.56. The company has a market capitalization of $9.64 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 3.11 and a beta of 0.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.46 and a quick ratio of 0.40.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.11 billion. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. sell-side analysts anticipate that Atmos Energy Co. will post 3.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, May 18th. Atmos Energy’s dividend payout ratio (DPR) is 53.89%.
Several equities research analysts have issued reports on ATO shares. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, April 12th. Bank of America reiterated a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price target on shares of Atmos Energy from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, April 10th. Morgan Stanley dropped their price target on shares of Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 13th. Finally, Citigroup lifted their price target on shares of Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $87.14.
Atmos Energy Company 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.
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