Mutual of America Capital Management LLC Lowers Stake in Atmos Energy Corporation $ATO

Mutual of America Capital Management LLC reduced its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 3.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 38,229 shares of the utilities provider’s stock after selling 1,516 shares during the period. Mutual of America Capital Management LLC’s holdings in Atmos Energy were worth $5,891,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc grew its position in 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 grew its position in 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 grew its position in 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 grew its position in 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 grew its position in 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. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Stock Down 0.4%

Shares of NYSE:ATO opened at $177.08 on Wednesday. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.00 and a beta of 0.74. The firm’s 50-day simple moving average is $168.49 and its 200-day simple moving average is $160.12. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a fifty-two week low of $136.05 and a fifty-two week high of $179.70.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share 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 analysts’ expectations of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same period in the previous year, the firm earned $1.08 EPS. As a group, equities research analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed 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 dividend yield of 2.0%. Atmos Energy’s dividend payout ratio (DPR) is 47.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Cowen raised shares of Atmos Energy to a “hold” rating in a research report on Wednesday, October 15th. Barclays set a $175.00 target price on shares of Atmos Energy in a report on Thursday, October 9th. Bank of America reaffirmed a “neutral” rating and issued a $185.00 target price (up previously from $182.00) on shares of Atmos Energy in a report on Thursday, October 16th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Finally, Morgan Stanley lifted their target price on shares of Atmos Energy from $162.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average price target of $168.89.

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.