One Wealth Capital Management LLC Acquires New Position in Atmos Energy Co. (NYSE:ATO)

One Wealth Capital Management LLC bought a new position in shares of Atmos Energy Co. (NYSE:ATO) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,540 shares of the utilities provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATO. Wellington Management Group LLP boosted its stake in shares of Atmos Energy by 10.8% in the third quarter. Wellington Management Group LLP now owns 13,745,352 shares of the utilities provider’s stock valued at $1,906,618,000 after buying an additional 1,341,640 shares in the last quarter. State Street Corp lifted its holdings in Atmos Energy by 3.5% in the third quarter. State Street Corp now owns 10,800,610 shares of the utilities provider’s stock valued at $1,498,153,000 after acquiring an additional 362,594 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Atmos Energy by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,550,227 shares of the utilities provider’s stock worth $180,834,000 after purchasing an additional 19,981 shares in the last quarter. Sfmg LLC grew its stake in shares of Atmos Energy by 0.9% during the 2nd quarter. Sfmg LLC now owns 1,059,221 shares of the utilities provider’s stock worth $123,558,000 after purchasing an additional 9,253 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Atmos Energy by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 885,950 shares of the utilities provider’s stock worth $122,890,000 after purchasing an additional 34,555 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In other news, Director Edward Geiser bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $144.89 per share, for a total transaction of $362,225.00. Following the completion of the transaction, the director now owns 2,602 shares in the company, valued at $377,003.78. The trade was a 2,450.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATO. Morgan Stanley decreased their price objective on shares of Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Barclays boosted their price target on Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America began coverage on Atmos Energy in a report on Friday, December 13th. They issued a “buy” rating and a $156.00 price target on the stock. Argus raised Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Friday, December 20th. Finally, StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.75.

Atmos Energy Price Performance

Atmos Energy stock traded down $0.05 during mid-day trading on Tuesday, hitting $136.46. 301,702 shares of the company were exchanged, compared to its average volume of 639,302. Atmos Energy Co. has a 12-month low of $110.46 and a 12-month high of $152.65. The company has a market capitalization of $21.21 billion, a P/E ratio of 19.86, a PEG ratio of 2.80 and a beta of 0.71. The business’s 50 day simple moving average is $142.68 and its two-hundred day simple moving average is $134.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.80.

Atmos Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, November 25th. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s dividend payout ratio (DPR) is currently 50.66%.

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 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.