AE Wealth Management LLC lifted its holdings in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 29.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,624 shares of the utilities provider’s stock after acquiring an additional 599 shares during the period. AE Wealth Management LLC’s holdings in Atmos Energy were worth $314,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Curi Wealth Management LLC purchased a new position in Atmos Energy in the 4th quarter valued at $32,000. National Bank of Canada FI acquired a new position in shares of Atmos Energy during the 4th quarter worth $43,000. Ahrens Investment Partners LLC acquired a new position in shares of Atmos Energy during the 4th quarter worth $52,000. Concord Wealth Partners acquired a new position in shares of Atmos Energy during the 4th quarter worth $70,000. Finally, Richwood Investment Advisors LLC purchased a new stake in Atmos Energy during the 4th quarter worth about $76,000. Institutional investors and hedge funds own 87.44% of the company’s stock.
ATO has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Atmos Energy from $134.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, June 23rd. The Goldman Sachs Group lowered Atmos Energy from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Thursday, May 12th. Barclays upped their target price on Atmos Energy from $101.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, March 25th. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Finally, Credit Suisse Group began coverage on Atmos Energy in a research report on Monday, April 25th. They set an “outperform” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.13.
ATO stock opened at $112.12 on Tuesday. The firm has a market cap of $15.59 billion, a PE ratio of 20.84, a P/E/G ratio of 2.79 and a beta of 0.48. The business’s 50-day moving average price is $112.28 and its two-hundred day moving average price is $111.64. Atmos Energy Co. has a 1-year low of $85.80 and a 1-year high of $122.96. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO – Get Rating) last released its earnings results on Wednesday, May 4th. The utilities provider reported $2.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.02). Atmos Energy had a return on equity of 8.80% and a net margin of 18.91%. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business’s revenue was up 25.1% on a year-over-year basis. On average, analysts forecast that Atmos Energy Co. will post 5.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 6th. Investors of record on Monday, May 23rd were issued a dividend of $0.68 per share. The ex-dividend date was Friday, May 20th. This represents a $2.72 annualized dividend and a yield of 2.43%. Atmos Energy’s payout ratio is presently 50.56%.
About Atmos Energy (Get Rating)
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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