W.H. Cornerstone Investments Inc. Has $1.18 Million Stock Holdings in Atmos Energy Corporation $ATO

W.H. Cornerstone Investments Inc. raised its position in Atmos Energy Corporation (NYSE:ATO) by 16.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,625 shares of the utilities provider’s stock after buying an additional 1,093 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Atmos Energy were worth $1,175,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ATO. Truist Financial Corp boosted its holdings in shares of Atmos Energy by 2.9% during the second quarter. Truist Financial Corp now owns 34,705 shares of the utilities provider’s stock worth $5,348,000 after acquiring an additional 981 shares during the period. Blair William & Co. IL increased its holdings in shares of Atmos Energy by 8.4% during the second quarter. Blair William & Co. IL now owns 1,970 shares of the utilities provider’s stock worth $304,000 after buying an additional 152 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Atmos Energy by 5.9% in the 2nd quarter. Wealthfront Advisers LLC now owns 6,839 shares of the utilities provider’s stock worth $1,054,000 after purchasing an additional 383 shares in the last quarter. Obermeyer Wealth Partners raised its holdings in Atmos Energy by 16.7% in the 2nd quarter. Obermeyer Wealth Partners now owns 16,553 shares of the utilities provider’s stock valued at $2,551,000 after buying an additional 2,369 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Atmos Energy by 20.6% during the first quarter. LPL Financial LLC now owns 109,772 shares of the utilities provider’s stock worth $16,969,000 after purchasing an additional 18,753 shares during the period. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Performance

NYSE:ATO traded up $0.79 during mid-day trading on Thursday, reaching $178.62. 129,988 shares of the stock were exchanged, compared to its average volume of 935,188. 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 1 year low of $136.05 and a 1 year high of $180.65. The company has a 50 day simple moving average of $171.43 and a 200-day simple moving average of $162.55. The stock has a market capitalization of $28.67 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.90 and a beta of 0.73.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.The business had revenue of $754.64 million during the quarter, compared to analysts’ expectations of $726.97 million. During the same quarter last year, the business posted $1.08 earnings per share. Atmos Energy has set its FY 2025 guidance at 8.150-8.350 EPS. Analysts anticipate that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a $1.00 dividend. This is an increase from Atmos Energy’s previous quarterly dividend of $0.87. The ex-dividend date is Monday, November 24th. This represents a $4.00 annualized dividend and a yield of 2.2%. Atmos Energy’s dividend payout ratio is presently 53.40%.

Wall Street Analyst Weigh In

ATO has been the subject of several research reports. Argus set a $172.00 target price on Atmos Energy in a research note on Thursday, September 18th. UBS Group reissued a “neutral” rating and set a $159.00 price objective (up from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. Morgan Stanley raised their target price on shares of Atmos Energy from $167.00 to $181.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. TD Cowen upgraded shares of Atmos Energy to a “hold” rating in a report on Wednesday, October 15th. Finally, Mizuho lifted their price target on shares of Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Atmos Energy has an average rating of “Hold” and a consensus price target of $170.44.

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.