Nomura Asset Management Co. Ltd. grew its stake in Atmos Energy Co. (NYSE:ATO) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,997 shares of the utilities provider’s stock after purchasing an additional 640 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Atmos Energy were worth $1,853,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its stake in shares of Atmos Energy by 1,666.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 250 shares during the period. Cornerstone Advisors Inc. boosted its holdings in shares of Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in shares of Atmos Energy in the 1st quarter worth approximately $31,000. Phocas Financial Corp. acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $35,000. Finally, Clarus Wealth Advisors acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $37,000. Institutional investors own 82.12% of the company’s stock.
NYSE:ATO traded up $0.73 during trading hours on Friday, hitting $105.56. 739,083 shares of the stock were exchanged, compared to its average volume of 1,035,016. The company’s 50 day moving average is $103.49. Atmos Energy Co. has a twelve month low of $87.88 and a twelve month high of $108.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.69. The firm has a market capitalization of $12.18 billion, a P/E ratio of 26.39, a P/E/G ratio of 3.71 and a beta of 0.26.
The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend was Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 52.50%.
Separately, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Atmos Energy currently has an average rating of “Hold” and an average price target of $102.00.
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 the regulated natural gas distribution and related sales operations in eight states.
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