Scotia Capital Inc. Has $1.40 Million Stock Holdings in Atmos Energy Corporation $ATO

by · The Markets Daily

Scotia Capital Inc. boosted its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,091 shares of the utilities provider’s stock after acquiring an additional 643 shares during the quarter. Scotia Capital Inc.’s holdings in Atmos Energy were worth $1,401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATO. W.H. Cornerstone Investments Inc. lifted its position in shares of Atmos Energy by 16.7% during the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 7,625 shares of the utilities provider’s stock worth $1,175,000 after buying an additional 1,093 shares during the last quarter. Truist Financial Corp grew its position in Atmos Energy by 2.9% in the second quarter. Truist Financial Corp now owns 34,705 shares of the utilities provider’s stock valued at $5,348,000 after acquiring an additional 981 shares during the last quarter. Blair William & Co. IL raised its stake in Atmos Energy by 8.4% during the second quarter. Blair William & Co. IL now owns 1,970 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 152 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Atmos Energy by 267.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,822 shares of the utilities provider’s stock worth $435,000 after acquiring an additional 2,053 shares in the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of Atmos Energy in the second quarter worth about $2,555,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Trading Down 2.6%

ATO 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 fifty-two week low of $136.05 and a fifty-two week high of $180.65. The company’s 50 day moving average price is $174.20 and its two-hundred day moving average price is $164.05. The firm has a market capitalization of $27.76 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.90 and a beta of 0.73.

Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The utilities provider reported $1.04 EPS for the quarter. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. The company had revenue of $737.48 million for the quarter. As a group, research analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on ATO shares. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price target on shares of Atmos Energy in a report on Thursday, November 20th. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $163.00 target price (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. TD Cowen upgraded shares of Atmos Energy to a “hold” rating in a report on Wednesday, October 15th. Finally, Bank of America reissued a “neutral” rating and set a $185.00 price objective (up previously from $182.00) on shares of Atmos Energy in a report on Thursday, October 16th. One research 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 company. According to data from MarketBeat, Atmos Energy currently has a consensus rating of “Hold” and an average price target of $170.56.

View Our Latest Stock Report on Atmos Energy

Atmos Energy Company 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.

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