Elevation Point Wealth Partners LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,890 shares of the utilities provider’s stock, valued at approximately $534,000.
Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in shares of Atmos Energy by 315.1% during the 1st quarter. Sound Income Strategies LLC now owns 303 shares of the utilities provider’s stock worth $56,000 after buying an additional 230 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Atmos Energy by 69.6% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 5,665 shares of the utilities provider’s stock valued at $1,046,000 after acquiring an additional 2,324 shares during the last quarter. Strs Ohio increased its position in shares of Atmos Energy by 6.0% in the first quarter. Strs Ohio now owns 125,228 shares of the utilities provider’s stock valued at $23,132,000 after acquiring an additional 7,094 shares during the last quarter. Harrison Street Private Wealth LLC bought a new stake in Atmos Energy during the first quarter worth about $4,962,000. Finally, Root Financial Partners LLC raised its holdings in Atmos Energy by 39.1% during the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Trading Down 0.3%
Shares of NYSE:ATO opened at $177.07 on Thursday. Atmos Energy Corporation has a 52-week low of $151.28 and a 52-week high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The company has a market capitalization of $29.56 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. The company has a 50-day simple moving average of $175.18 and a 200 day simple moving average of $176.96.
Atmos Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Citigroup raised their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Truist Financial dropped their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Argus cut their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Atmos Energy currently has an average rating of “Hold” and a consensus target price of $183.90.
View Our Latest Stock Analysis on Atmos Energy
Atmos Energy Profile
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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