Sumitomo Mitsui Trust Holdings Inc. Trims Stock Holdings in Atmos Energy Co. (NYSE:ATO)

Posted by on Jul 19th, 2023

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Atmos Energy Co. (NYSE:ATO – Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,589 shares of the utilities provider’s stock after selling 108,590 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of Atmos Energy worth $47,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new stake in shares of Atmos Energy in the fourth quarter worth $26,000. First Horizon Advisors Inc. grew its stake in shares of Atmos Energy by 2,500.0% in the fourth quarter. First Horizon Advisors Inc. now owns 260 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 250 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of Atmos Energy in the fourth quarter worth $34,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Atmos Energy in the fourth quarter worth $34,000. Finally, Ronald Blue Trust Inc. grew its stake in shares of Atmos Energy by 488.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 347 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 288 shares during the last quarter. 92.82% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Trading Down 0.3 %

Shares of NYSE:ATO opened at $119.35 on Wednesday. Atmos Energy Co. has a 1 year low of $97.71 and a 1 year high of $121.92. The stock’s fifty day moving average price is $116.82 and its 200-day moving average price is $115.07. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.80. The company has a market cap of $17.24 billion, a P/E ratio of 20.51, a PEG ratio of 2.65 and a beta of 0.61.

Atmos Energy (NYSE:ATO – Get Free Report) last posted its earnings results on Thursday, May 4th. The utilities provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.01. Atmos Energy had a return on equity of 8.57% and a net margin of 18.18%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company earned $2.37 earnings per share. Atmos Energy’s revenue was down 6.6% on a year-over-year basis. Sell-side analysts expect that Atmos Energy Co. will post 6.03 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 22nd were issued a $0.74 dividend. This represents a $2.96 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Friday, May 19th. Atmos Energy’s dividend payout ratio is 50.86%.

Analyst Ratings Changes

ATO has been the topic of a number of recent research reports. StockNews.com initiated coverage on Atmos Energy in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Morgan Stanley upped their price target on Atmos Energy from $117.00 to $128.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.33.

Insiders Place Their Bets

In other Atmos Energy news, Director Diana J. Walters sold 390 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $117.50, for a total value of $45,825.00. Following the completion of the sale, the director now owns 2,584 shares in the company, valued at $303,620. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Atmos Energy news, Director Diana J. Walters sold 390 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $117.50, for a total value of $45,825.00. Following the completion of the sale, the director now owns 2,584 shares in the company, valued at $303,620. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kim R. Cocklin sold 12,500 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $114.54, for a total value of $1,431,750.00. Following the completion of the sale, the director now owns 217,668 shares of the company’s stock, valued at approximately $24,931,692.72. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.

Featured Articles

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.