Independent Advisor Alliance Has $1.11 Million Holdings in Atmos Energy Co. (NYSE:ATO)

Independent Advisor Alliance cut its position in shares of Atmos Energy Co. (NYSE:ATO) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the utilities provider’s stock after selling 117 shares during the quarter. Independent Advisor Alliance’s holdings in Atmos Energy were worth $1,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC boosted its stake in Atmos Energy by 92.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,813 shares of the utilities provider’s stock worth $453,000 after purchasing an additional 1,834 shares during the period. BOKF NA boosted its position in shares of Atmos Energy by 41.4% in the first quarter. BOKF NA now owns 1,162 shares of the utilities provider’s stock worth $137,000 after buying an additional 340 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of Atmos Energy by 11.4% during the first quarter. Kennedy Capital Management LLC now owns 21,991 shares of the utilities provider’s stock valued at $2,614,000 after buying an additional 2,255 shares in the last quarter. California State Teachers Retirement System raised its position in Atmos Energy by 5.3% during the first quarter. California State Teachers Retirement System now owns 276,397 shares of the utilities provider’s stock valued at $32,855,000 after buying an additional 13,817 shares during the period. Finally, Tidal Investments LLC lifted its stake in Atmos Energy by 33.6% in the 1st quarter. Tidal Investments LLC now owns 15,737 shares of the utilities provider’s stock worth $1,871,000 after acquiring an additional 3,954 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atmos Energy

In related news, Director Edward Geiser acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of $144.89 per share, with a total value of $362,225.00. Following the purchase, the director now owns 2,602 shares of the company’s stock, valued at approximately $377,003.78. The trade was a 2,450.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATO shares. Morgan Stanley dropped their target price on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $134.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. LADENBURG THALM/SH SH lifted their target price on shares of Atmos Energy from $144.00 to $150.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Barclays increased their price objective on Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Four 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, Atmos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $144.31.

Atmos Energy Stock Up 0.1 %

Atmos Energy stock opened at $150.32 on Wednesday. The company has a market capitalization of $23.36 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.00 and a beta of 0.68. Atmos Energy Co. has a 1-year low of $110.46 and a 1-year high of $151.24. The firm’s fifty day simple moving average is $141.25 and its 200-day simple moving average is $129.12. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.65.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be given a $0.87 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s payout ratio is currently 46.87%.

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.