Yousif Capital Management LLC Has $11.52 Million Stake in Atmos Energy Corporation $ATO

Yousif Capital Management LLC trimmed its position in shares of Atmos Energy Corporation (NYSE:ATO) by 6.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 74,762 shares of the utilities provider’s stock after selling 5,128 shares during the period. Yousif Capital Management LLC’s holdings in Atmos Energy were worth $11,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATO. Brighton Jones LLC acquired a new position in Atmos Energy during the fourth quarter valued at approximately $233,000. GAMMA Investing LLC raised its position in shares of Atmos Energy by 41.7% in the first quarter. GAMMA Investing LLC now owns 1,825 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 537 shares during the period. SG Americas Securities LLC raised its position in shares of Atmos Energy by 248.7% in the first quarter. SG Americas Securities LLC now owns 8,150 shares of the utilities provider’s stock valued at $1,260,000 after purchasing an additional 5,813 shares during the period. Fifth Third Bancorp raised its position in shares of Atmos Energy by 25.9% in the first quarter. Fifth Third Bancorp now owns 5,874 shares of the utilities provider’s stock valued at $908,000 after purchasing an additional 1,209 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Atmos Energy by 30.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,776 shares of the utilities provider’s stock valued at $1,975,000 after purchasing an additional 3,015 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays set a $175.00 price target on shares of Atmos Energy in a research report on Thursday. Weiss Ratings reissued a “buy (b+)” rating on shares of Atmos Energy in a research report on Wednesday, October 8th. Mizuho lifted their price target on Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, September 26th. UBS Group reaffirmed a “neutral” rating and issued a $159.00 price target (up from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Finally, Morgan Stanley lifted their price target on Atmos Energy from $162.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Atmos Energy presently has an average rating of “Moderate Buy” and a consensus target price of $164.70.

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $175.58 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $166.63 and its two-hundred day moving average is $159.16. The company has a market cap of $28.18 billion, a P/E ratio of 24.12, a P/E/G ratio of 3.06 and a beta of 0.74. Atmos Energy Corporation has a 12 month low of $136.05 and a 12 month high of $177.83.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same quarter in the prior year, the firm posted $1.08 earnings per share. On average, equities analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. Atmos Energy’s payout ratio is currently 47.80%.

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.