Signature Estate & Investment Advisors LLC Takes Position in Atmos Energy Corporation $ATO

Signature Estate & Investment Advisors LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,469 shares of the utilities provider’s stock, valued at approximately $226,000.

A number of other large investors have also recently bought and sold shares of ATO. First Horizon Advisors Inc. boosted its position in Atmos Energy by 191.2% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock valued at $26,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group boosted its position in Atmos Energy by 141.2% in the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock valued at $36,000 after buying an additional 137 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in Atmos Energy by 50.0% in the second quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Atmos Energy by 379.7% in the first quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock valued at $51,000 after buying an additional 262 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Atmos Energy by 26.0% in the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.4%

Atmos Energy stock opened at $177.08 on Wednesday. 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’s 50 day simple moving average is $168.49 and its two-hundred day simple moving average is $160.12. The firm has a market cap of $28.42 billion, a PE ratio of 24.32, a P/E/G ratio of 3.00 and a beta of 0.74.

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

Atmos Energy Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is 47.80%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ATO. UBS Group reiterated a “neutral” rating and issued a $159.00 target price (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. LADENBURG THALM/SH SH reiterated a “neutral” rating and issued a $163.00 target price (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Cowen initiated coverage on Atmos Energy in a research report on Wednesday, October 15th. They issued a “hold” rating on the stock. TD Cowen upgraded Atmos Energy to a “hold” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Atmos Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Atmos Energy has an average rating of “Hold” and an average target price of $168.89.

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.