Level Four Advisory Services LLC Increases Stake in Atmos Energy Corporation $ATO

by · The Markets Daily

Level Four Advisory Services LLC raised its holdings in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 52.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,337 shares of the utilities provider’s stock after purchasing an additional 803 shares during the quarter. Level Four Advisory Services LLC’s holdings in Atmos Energy were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its stake in shares of Atmos Energy by 32.2% during the 2nd quarter. Hsbc Holdings PLC now owns 552,595 shares of the utilities provider’s stock valued at $85,097,000 after buying an additional 134,748 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Atmos Energy by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,923 shares of the utilities provider’s stock worth $605,000 after acquiring an additional 300 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Atmos Energy during the second quarter worth $1,999,000. State Board of Administration of Florida Retirement System boosted its holdings in shares of Atmos Energy by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 139,287 shares of the utilities provider’s stock worth $21,466,000 after acquiring an additional 890 shares during the period. Finally, Korea Investment CORP grew its position in shares of Atmos Energy by 41.3% in the second quarter. Korea Investment CORP now owns 182,004 shares of the utilities provider’s stock valued at $28,049,000 after purchasing an additional 53,194 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Atmos Energy in a report on Tuesday, November 25th. TD Cowen raised shares of Atmos Energy to a “hold” rating in a report on Wednesday, October 15th. Argus set a $172.00 price objective on shares of Atmos Energy in a research note on Thursday, September 18th. Bank of America reiterated a “neutral” rating and issued a $185.00 target price (up from $182.00) on shares of Atmos Energy in a research note on Thursday, October 16th. Finally, Barclays set a $175.00 price target on shares of Atmos Energy in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.56.

View Our Latest Stock Analysis on Atmos Energy

Atmos Energy Trading Down 2.6%

Shares of Atmos Energy stock opened at $171.70 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.37 and a quick ratio of 1.25. Atmos Energy Corporation has a 1 year low of $136.05 and a 1 year high of $180.65. The firm has a market cap of $27.76 billion, a PE ratio of 23.59, a PEG ratio of 2.90 and a beta of 0.73. The company has a 50 day simple moving average of $174.20 and a two-hundred day simple moving average of $164.05.

Atmos Energy (NYSE:ATO – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The utilities provider reported $1.04 earnings per share for the quarter. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. The firm had revenue of $737.48 million for the quarter. Analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.3%. This is an increase from Atmos Energy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Monday, November 24th. Atmos Energy’s dividend payout ratio is presently 53.40%.

About Atmos Energy

(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.

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