Bridges Investment Management Inc. Has $1.13 Million Position in Atmos Energy Corporation $ATO

Bridges Investment Management Inc. lifted its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,310 shares of the utilities provider’s stock after purchasing an additional 780 shares during the quarter. Bridges Investment Management Inc.’s holdings in Atmos Energy were worth $1,127,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Atmos Energy by 3.2% during the 2nd quarter. IFP Advisors Inc now owns 2,086 shares of the utilities provider’s stock worth $325,000 after purchasing an additional 65 shares during the last quarter. SouthState Corp increased its position in shares of Atmos Energy by 4.9% during the 1st quarter. SouthState Corp now owns 1,447 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Atmos Energy by 3.8% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,871 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 68 shares during the last quarter. LRI Investments LLC increased its position in shares of Atmos Energy by 6.6% during the 2nd quarter. LRI Investments LLC now owns 1,181 shares of the utilities provider’s stock worth $182,000 after purchasing an additional 73 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Atmos Energy by 26.0% during the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

ATO has been the topic of several recent analyst reports. Barclays set a $175.00 price target on Atmos Energy in a research report on Thursday, October 9th. Bank of America reaffirmed a “neutral” rating and set a $185.00 price target (up previously from $182.00) on shares of Atmos Energy in a research report on Thursday. Argus set a $172.00 target price on Atmos Energy in a research note on Thursday, September 18th. Mizuho lifted their target price on Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Atmos Energy currently has a consensus rating of “Hold” and an average target price of $168.89.

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $176.41 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a 12 month low of $136.05 and a 12 month high of $179.70. The stock has a 50 day moving average of $167.77 and a 200-day moving average of $159.58. The company has a market capitalization of $28.32 billion, a P/E ratio of 24.23, a P/E/G ratio of 3.10 and a beta of 0.74.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.01). The firm had revenue of $838.77 million during 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 last year, the firm earned $1.08 earnings per share. As a group, equities research analysts predict that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

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

Atmos Energy Company 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.