Adage Capital Partners GP L.L.C. Has $15.64 Million Position in Atmos Energy Co. (NYSE:ATO)

Adage Capital Partners GP L.L.C. reduced its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 36.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 147,604 shares of the utilities provider’s stock after selling 83,900 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Atmos Energy were worth $15,636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in shares of Atmos Energy by 63.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 108,986 shares of the utilities provider’s stock valued at $11,545,000 after buying an additional 42,407 shares in the last quarter. Advanced Portfolio Management LLC acquired a new position in shares of Atmos Energy during the 3rd quarter valued at about $409,000. Advisors Asset Management Inc. lifted its holdings in Atmos Energy by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,831 shares of the utilities provider’s stock worth $1,995,000 after purchasing an additional 1,110 shares during the last quarter. Wahed Invest LLC bought a new stake in Atmos Energy during the third quarter worth approximately $240,000. Finally, Lazard Asset Management LLC grew its holdings in Atmos Energy by 101.0% during the third quarter. Lazard Asset Management LLC now owns 45,747 shares of the utilities provider’s stock valued at $4,845,000 after purchasing an additional 22,991 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $115.63 on Friday. The business’s 50 day moving average is $114.27 and its 200-day moving average is $113.03. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $17.44 billion, a PE ratio of 18.35, a PEG ratio of 2.42 and a beta of 0.66. Atmos Energy Co. has a 1-year low of $101.00 and a 1-year high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.01). Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $1.91 EPS. Sell-side analysts predict that Atmos Energy Co. will post 6.57 earnings per share for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s payout ratio is 51.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATO. Mizuho raised their target price on shares of Atmos Energy from $131.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Barclays dropped their price objective on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 22nd. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Finally, Morgan Stanley cut their price target on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.20.

Read Our Latest Stock Report on ATO

Atmos Energy Profile

(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.

Further Reading

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

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