Bank of Montreal Can reduced its stake in shares of Atmos Energy Co. (NYSE:ATO) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,679 shares of the utilities provider’s stock after selling 31,270 shares during the period. Bank of Montreal Can owned approximately 0.12% of Atmos Energy worth $6,597,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of ATO. Virtu Financial LLC bought a new stake in shares of Atmos Energy during the 4th quarter worth approximately $105,000. Parametric Portfolio Associates LLC bought a new stake in shares of Atmos Energy during the 3rd quarter worth approximately $146,000. Financial Gravity Companies Inc. bought a new stake in shares of Atmos Energy during the 4th quarter worth approximately $161,000. Oppenheimer & Co. Inc. bought a new stake in shares of Atmos Energy during the 4th quarter worth approximately $172,000. Finally, Koch Industries Inc. bought a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $217,000. 88.82% of the stock is owned by institutional investors and hedge funds.
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In other news, Director Linda R. Kinder acquired 1,745 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were bought at an average cost of $76.58 per share, for a total transaction of $139,578.90. Following the completion of the transaction, the director now directly owns 21,456 shares in the company, valued at approximately $1,638,312.84. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joseph W. White sold 9,495 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $78.62, for a total transaction of $798,079.30. Following the completion of the transaction, the chief executive officer now owns 162,526 shares of the company’s stock, valued at approximately $12,973,502.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,707 shares of company stock valued at $4,883,429. 0.92% of the stock is owned by company insiders.
Several equities research analysts have recently commented on ATO shares. Wells Fargo & Co reissued a “market perform” rating and issued a $84.00 price objective (up previously from $75.00) on shares of Atmos Energy in a research note on Wednesday, January 9th. Scotiabank set a $76.00 price objective on Atmos Energy and gave the company a “hold” rating in a research note on Tuesday, January 29th. Barclays set a $87.00 price objective on Atmos Energy and gave the company a “buy” rating in a research note on Thursday, January 31st. Zacks Investment Research cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Robert W. Baird reissued a “hold” rating and issued a $82.00 price objective on shares of Atmos Energy in a research note on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $79.38.
Shares of Atmos Energy Co. (NYSE ATO) opened at $82.37 on Wednesday. The company has a market capitalization of $7,279.54, a P/E ratio of 26.39, a PEG ratio of 4.69 and a beta of 0.27. Atmos Energy Co. has a 1 year low of $66.04 and a 1 year high of $84.97. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 0.60.
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