Atmos Energy Corporation $ATO Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,602 shares of the utilities provider’s stock after selling 3,609 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.09% of Atmos Energy worth $21,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. First Horizon Advisors Inc. raised its stake in Atmos Energy by 191.2% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 109 shares during the period. Brooklyn Investment Group raised its stake in Atmos Energy by 141.2% during the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 137 shares during the period. ST Germain D J Co. Inc. raised its stake in Atmos Energy by 50.0% during the second quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC increased its stake in shares of 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 purchasing an additional 262 shares during the period. Finally, Bogart Wealth LLC increased its stake in shares of Atmos Energy by 11,200.0% in the second quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ATO shares. Weiss Ratings restated a “buy (b+)” rating on shares of Atmos Energy in a research note on Friday. Bank of America restated a “neutral” rating and issued a $185.00 price target (up previously from $182.00) on shares of Atmos Energy in a research note on Thursday, October 16th. UBS Group restated a “neutral” rating and issued a $159.00 price target (up previously from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Barclays set a $175.00 price target on shares of Atmos Energy in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $170.44.

Atmos Energy Price Performance

NYSE ATO opened at $176.00 on Friday. Atmos Energy Corporation has a 12 month low of $136.05 and a 12 month high of $179.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.37 and a quick ratio of 1.25. The firm has a market capitalization of $28.25 billion, a PE ratio of 24.18, a P/E/G ratio of 2.97 and a beta of 0.74. The company’s 50 day simple moving average is $169.10 and its 200 day simple moving average is $160.74.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. The company had revenue of $838.77 million for the quarter, compared to analyst estimates of $848.97 million. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, equities research analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current fiscal 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 dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, August 25th. Atmos Energy’s dividend payout ratio (DPR) is currently 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.