Daiwa Securities Group Inc. cut its stake in shares of Atmos Energy Co. (NYSE:ATO) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,100 shares of the utilities provider’s stock after selling 800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Atmos Energy were worth $266,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Toronto Dominion Bank lifted its holdings in Atmos Energy by 13.6% during the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after buying an additional 155 shares during the period. Comerica Bank lifted its holdings in Atmos Energy by 0.7% during the 3rd quarter. Comerica Bank now owns 87,963 shares of the utilities provider’s stock worth $7,648,000 after buying an additional 648 shares during the period. Aperio Group LLC lifted its holdings in Atmos Energy by 1.2% during the 3rd quarter. Aperio Group LLC now owns 57,404 shares of the utilities provider’s stock worth $4,813,000 after buying an additional 678 shares during the period. California Public Employees Retirement System lifted its holdings in Atmos Energy by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 269,092 shares of the utilities provider’s stock worth $23,112,000 after buying an additional 688 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Atmos Energy by 25.1% during the 3rd quarter. Jane Street Group LLC now owns 3,589 shares of the utilities provider’s stock worth $301,000 after buying an additional 719 shares during the period. 67.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on ATO shares. Zacks Investment Research raised Atmos Energy from a “sell” rating to a “hold” rating and set a $90.00 price objective on the stock in a research note on Friday, February 9th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $87.00 price objective (down from $90.00) on shares of Atmos Energy in a research note on Thursday, February 8th. Barclays set a $80.00 price objective on Atmos Energy and gave the company an “underweight” rating in a research note on Thursday, February 8th. Finally, Argus dropped their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Atmos Energy has a consensus rating of “Hold” and a consensus target price of $84.60.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.27. During the same period last year, the company earned $1.08 earnings per share. sell-side analysts predict that Atmos Energy Co. will post 4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be paid a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, February 23rd. Atmos Energy’s dividend payout ratio is 35.60%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2018/02/20/daiwa-securities-group-inc-sells-800-shares-of-atmos-energy-co-ato.html.
Atmos Energy Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (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.