Atmos Energy Co. (NYSE:ATO) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its position in Atmos Energy Co. (NYSE:ATO) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,542 shares of the utilities provider’s stock after selling 97 shares during the period. Concurrent Investment Advisors LLC’s holdings in Atmos Energy were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kestra Investment Management LLC grew its holdings in shares of Atmos Energy by 17.5% in the 4th quarter. Kestra Investment Management LLC now owns 2,598 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 387 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Atmos Energy in the fourth quarter valued at $298,000. Venturi Wealth Management LLC grew its stake in Atmos Energy by 15.0% in the 4th quarter. Venturi Wealth Management LLC now owns 10,983 shares of the utilities provider’s stock valued at $1,530,000 after acquiring an additional 1,431 shares during the last quarter. D.A. Davidson & CO. grew its stake in Atmos Energy by 9.3% in the 4th quarter. D.A. Davidson & CO. now owns 10,948 shares of the utilities provider’s stock valued at $1,525,000 after acquiring an additional 934 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in Atmos Energy by 2.0% in the 4th quarter. CIBC Asset Management Inc now owns 63,736 shares of the utilities provider’s stock valued at $8,862,000 after acquiring an additional 1,233 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Up 1.5 %

ATO opened at $149.87 on Monday. Atmos Energy Co. has a 12 month low of $110.97 and a 12 month high of $152.65. The business has a 50-day moving average of $141.95 and a two-hundred day moving average of $139.86. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.56 and a quick ratio of 1.43.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.03. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. On average, research analysts expect that Atmos Energy Co. will post 7.18 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Tuesday, February 25th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.57%.

Analyst Ratings Changes

Several analysts have recently commented on ATO shares. Argus upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Friday, December 20th. Mizuho increased their target price on Atmos Energy from $148.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Bank of America started coverage on Atmos Energy in a report on Friday, December 13th. They issued a “buy” rating and a $156.00 price target for the company. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley dropped their price objective on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.75.

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 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.