Shelter Harbor Advisors LP Purchases Shares of 100,000 Atmos Energy Co. (ATO)

Shelter Harbor Advisors LP purchased a new position in shares of Atmos Energy Co. (NYSE:ATO) in the 4th quarter, Holdings Channel reports. The firm purchased 100,000 shares of the utilities provider’s stock, valued at approximately $9,272,000. Atmos Energy accounts for approximately 4.6% of Shelter Harbor Advisors LP’s investment portfolio, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of ATO. Clarus Wealth Advisors purchased a new stake in Atmos Energy in the 4th quarter valued at $37,000. JOYN Advisors Inc. grew its holdings in Atmos Energy by 37.9% in the 4th quarter. JOYN Advisors Inc. now owns 451 shares of the utilities provider’s stock valued at $42,000 after buying an additional 124 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Atmos Energy by 112.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,034 shares of the utilities provider’s stock valued at $96,000 after buying an additional 548 shares in the last quarter. Resources Investment Advisors Inc. grew its holdings in Atmos Energy by 222.2% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,276 shares of the utilities provider’s stock valued at $118,000 after buying an additional 880 shares in the last quarter. Finally, Korea Investment CORP purchased a new stake in Atmos Energy in the 4th quarter valued at $119,000. Hedge funds and other institutional investors own 78.89% of the company’s stock.

Several equities analysts have recently commented on the company. Argus reaffirmed a “buy” rating and issued a $101.00 price target on shares of Atmos Energy in a research note on Monday, December 31st. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Monday, December 31st. UBS Group downgraded Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price objective on the stock. in a report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Citigroup increased their price objective on Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, November 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $99.33.

NYSE:ATO traded down $0.13 on Friday, hitting $101.37. 650 shares of the stock were exchanged, compared to its average volume of 1,456,975. The firm has a market capitalization of $11.87 billion, a PE ratio of 25.36, a P/E/G ratio of 3.63 and a beta of 0.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.63 and a quick ratio of 0.53. Atmos Energy Co. has a fifty-two week low of $79.49 and a fifty-two week high of $102.44.

Atmos Energy (NYSE:ATO) last posted its earnings results on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $877.78 million during the quarter, compared to analyst estimates of $969.71 million. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. As a group, research analysts anticipate that Atmos Energy Co. will post 4.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 25th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, February 22nd. Atmos Energy’s dividend payout ratio is presently 52.50%.

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

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