Victory Capital Management Inc. Reduces Position in Atmos Energy Co. (ATO)

Victory Capital Management Inc. reduced its position in shares of Atmos Energy Co. (NYSE:ATO) by 77.0% in the 4th quarter, Holdings Channel reports. The firm owned 251,957 shares of the utilities provider’s stock after selling 841,206 shares during the quarter. Victory Capital Management Inc.’s holdings in Atmos Energy were worth $21,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its holdings in Atmos Energy by 13.6% during the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 155 shares during the last quarter. Comerica Bank lifted its holdings in Atmos Energy by 0.7% during the 3rd quarter. Comerica Bank now owns 87,963 shares of the utilities provider’s stock worth $7,648,000 after purchasing an additional 648 shares during the last quarter. Aperio Group LLC lifted its holdings in Atmos Energy by 1.2% during the 3rd quarter. Aperio Group LLC now owns 57,404 shares of the utilities provider’s stock worth $4,813,000 after purchasing an additional 678 shares during the last quarter. Jane Street Group LLC lifted its holdings in Atmos Energy by 25.1% during the 3rd quarter. Jane Street Group LLC now owns 3,589 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 719 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Atmos Energy by 2.0% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 38,568 shares of the utilities provider’s stock worth $3,364,000 after purchasing an additional 765 shares during the last quarter. 66.69% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on ATO shares. Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Argus dropped their price target on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, January 18th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $87.00 price objective (down from $90.00) on shares of Atmos Energy in a report on Thursday. Finally, Barclays set a $80.00 price objective on Atmos Energy and gave the company an “underweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Atmos Energy currently has an average rating of “Hold” and an average target price of $85.40.

Atmos Energy Co. (NYSE:ATO) opened at $81.11 on Monday. The firm has a market capitalization of $9,000.58, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.90 and a beta of 0.30. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.67. Atmos Energy Co. has a fifty-two week low of $74.47 and a fifty-two week high of $93.56.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same period last year, the firm earned $1.08 earnings per share. equities research analysts anticipate that Atmos Energy Co. will post 4 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a $0.485 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.94 annualized dividend and a yield of 2.39%. Atmos Energy’s dividend payout ratio is presently 35.60%.

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About Atmos Energy

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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

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