Atmos Energy Co. (NYSE:ATO - Get Free Report) Director Kim R. Cocklin sold 15,000 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the transaction, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Atmos Energy Stock Up 0.5 %
ATO stock opened at $118.84 on Friday. The company has a market capitalization of $17.93 billion, a P/E ratio of 18.86, a PEG ratio of 2.47 and a beta of 0.66. The firm has a 50 day simple moving average of $114.28 and a 200-day simple moving average of $113.09. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $125.28.
Atmos Energy (NYSE:ATO - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.71 billion. Atmos Energy had a return on equity of 8.62% and a net margin of 23.43%. During the same period in the prior year, the firm earned $1.91 EPS. On average, equities research analysts predict that Atmos Energy Co. will post 6.59 earnings per share for the current fiscal year.
Atmos Energy Announces Dividend
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy's dividend payout ratio is presently 51.11%.
Institutional Investors Weigh In On Atmos Energy
Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in Atmos Energy by 169.7% in the second quarter. Franklin Resources Inc. now owns 87,297 shares of the utilities provider's stock valued at $10,156,000 after buying an additional 54,927 shares during the last quarter. Vest Financial LLC raised its stake in shares of Atmos Energy by 33.3% during the fourth quarter. Vest Financial LLC now owns 247,048 shares of the utilities provider's stock valued at $28,633,000 after purchasing an additional 61,708 shares in the last quarter. New York Life Investment Management LLC raised its stake in shares of Atmos Energy by 3.4% during the third quarter. New York Life Investment Management LLC now owns 21,198 shares of the utilities provider's stock valued at $2,246,000 after purchasing an additional 693 shares in the last quarter. Cambridge Trust Co. raised its stake in shares of Atmos Energy by 0.5% during the third quarter. Cambridge Trust Co. now owns 46,329 shares of the utilities provider's stock valued at $4,908,000 after purchasing an additional 253 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of Atmos Energy by 29.6% during the third quarter. Lido Advisors LLC now owns 19,601 shares of the utilities provider's stock valued at $2,076,000 after purchasing an additional 4,479 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on ATO shares. StockNews.com cut shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Mizuho raised their price target on shares of Atmos Energy from $131.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, December 14th. Finally, Barclays raised their price target on shares of Atmos Energy from $115.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $124.40.
Read Our Latest Stock Analysis on ATO
About Atmos Energy
(
Get Free Report)
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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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