Wealthspire Advisors LLC lessened its position in shares of Atmos Energy Co. (NYSE:ATO – Free Report) by 7.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,761 shares of the utilities provider’s stock after selling 900 shares during the quarter. Wealthspire Advisors LLC’s holdings in Atmos Energy were worth $1,279,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC grew its position in shares of Atmos Energy by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after buying an additional 152 shares during the period. Global Retirement Partners LLC grew its position in shares of Atmos Energy by 57.5% during the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock worth $33,000 after buying an additional 107 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of Atmos Energy by 200.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 288 shares of the utilities provider’s stock worth $34,000 after buying an additional 192 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Atmos Energy during the 4th quarter worth approximately $46,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Atmos Energy during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
Insider Activity at Atmos Energy
In other Atmos Energy news, Director Diana J. Walters sold 400 shares of Atmos Energy stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the completion of the transaction, the director now owns 3,551 shares of the company’s stock, valued at approximately $419,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.
Atmos Energy Trading Up 0.9 %
NYSE ATO opened at $120.94 on Friday. The stock has a market capitalization of $18.25 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.55 and a beta of 0.67. Atmos Energy Co. has a one year low of $101.00 and a one year high of $125.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.36 and a quick ratio of 1.22. The business’s fifty day moving average is $116.38 and its 200-day moving average is $115.69.
Atmos Energy (NYSE:ATO – Get Free Report) last released its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 EPS. Equities research analysts predict that Atmos Energy Co. will post 6.78 EPS for the current year.
Atmos Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, May 24th. Atmos Energy’s dividend payout ratio is currently 48.28%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Atmos Energy in a research report on Friday, April 12th. They issued a “neutral” rating and a $124.00 price target for the company. Barclays lifted their price target on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Wells Fargo & Company raised shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $132.00 in a research report on Tuesday, May 14th. Mizuho raised their price objective on Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Morgan Stanley dropped their price objective on Atmos Energy from $122.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Atmos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.
View Our Latest Stock Analysis on ATO
About Atmos Energy
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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