Atmos Energy Co. (NYSE:ATO) Shares Acquired by Altus Wealth Group LLC

Altus Wealth Group LLC boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,591 shares of the utilities provider’s stock after buying an additional 351 shares during the quarter. Altus Wealth Group LLC’s holdings in Atmos Energy were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. lifted its holdings in 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 last quarter. Innealta Capital LLC purchased a new stake in Atmos Energy in the 2nd quarter valued at $37,000. VisionPoint Advisory Group LLC boosted its stake in shares of Atmos Energy by 68.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 494 shares of the utilities provider’s stock worth $57,000 after buying an additional 200 shares during the period. Global Retirement Partners LLC grew its position in Atmos Energy by 67.9% in the 1st quarter. Global Retirement Partners LLC now owns 492 shares of the utilities provider’s stock valued at $58,000 after buying an additional 199 shares during the last quarter. Finally, Janiczek Wealth Management LLC grew its holdings in Atmos Energy by 467.0% during the first quarter. Janiczek Wealth Management LLC now owns 618 shares of the utilities provider’s stock worth $73,000 after acquiring an additional 509 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Mizuho lifted their price target on shares of Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Morgan Stanley cut their price target on Atmos Energy from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, June 24th. Barclays boosted their price objective on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Wells Fargo & Company upped their target price on shares of Atmos Energy from $132.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, StockNews.com cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $133.17.

Atmos Energy Trading Down 0.6 %

Shares of NYSE:ATO opened at $131.37 on Friday. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 2.75 and a beta of 0.67. Atmos Energy Co. has a 1-year low of $101.00 and a 1-year high of $133.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.73. The company has a 50 day moving average price of $125.07 and a 200 day moving average price of $119.20.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $701.55 million during the quarter, compared to analysts’ expectations of $924.75 million. Atmos Energy had a net margin of 25.09% and a return on equity of 8.94%. During the same period last year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Atmos Energy Co. will post 6.79 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be given a $0.805 dividend. The ex-dividend date is Monday, August 26th. This represents a $3.22 dividend on an annualized basis and a yield of 2.45%. Atmos Energy’s payout ratio is 48.28%.

Atmos Energy Profile

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.