Jmac Enterprises LLC Has $524,000 Stock Holdings in Atmos Energy Corporation $ATO

Jmac Enterprises LLC increased its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 36.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400 shares of the utilities provider’s stock after purchasing an additional 900 shares during the quarter. Jmac Enterprises LLC’s holdings in Atmos Energy were worth $524,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ATO. First Horizon Advisors Inc. increased its position in Atmos Energy by 191.2% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 109 shares in the last quarter. Brooklyn Investment Group increased its position in Atmos Energy by 141.2% during the 1st quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 137 shares in the last quarter. ST Germain D J Co. Inc. increased its position in Atmos Energy by 50.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 100 shares in the last quarter. Golden State Wealth Management LLC increased its position in Atmos Energy by 379.7% during the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 262 shares in the last quarter. Finally, Bank of New Hampshire acquired a new position in Atmos Energy during the 1st quarter worth approximately $58,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATO has been the subject of several recent research reports. Barclays decreased their price target on shares of Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $163.00 price target (down from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Morgan Stanley upped their price target on shares of Atmos Energy from $162.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. UBS Group reaffirmed a “neutral” rating and issued a $159.00 price objective (up from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Finally, Mizuho upped their price objective on shares of Atmos Energy from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Atmos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $162.50.

Atmos Energy Stock Down 0.4%

ATO opened at $168.75 on Friday. 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 company’s 50-day moving average is $164.12 and its 200 day moving average is $157.87. Atmos Energy Corporation has a fifty-two week low of $136.05 and a fifty-two week high of $171.20. The firm has a market capitalization of $27.09 billion, a P/E ratio of 23.18, a PEG ratio of 2.94 and a beta of 0.74.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $838.77 million for the quarter, compared to the consensus estimate 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 business earned $1.08 earnings per share. Research analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal 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 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 2.1%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.80%.

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.