Trust Co. of Toledo NA OH Acquires Shares of 720 Atmos Energy Corporation $ATO

Trust Co. of Toledo NA OH acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 720 shares of the utilities provider’s stock, valued at approximately $111,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted 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 valued at $26,000 after acquiring an additional 109 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Atmos Energy by 141.2% during the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 137 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in shares of 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 valued at $46,000 after purchasing an additional 100 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Atmos Energy by 379.7% during 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 last quarter. Finally, Private Trust Co. NA raised its stake in Atmos Energy by 26.0% during 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. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ATO shares. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Atmos Energy in a research report on Wednesday, October 8th. Morgan Stanley lifted their price target on Atmos Energy from $162.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Barclays set a $175.00 target price on shares of Atmos Energy in a report on Thursday. Finally, Argus set a $172.00 target price on shares of Atmos Energy in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.70.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $176.45 on Monday. Atmos Energy Corporation has a fifty-two week low of $136.05 and a fifty-two week high of $177.83. The business has a 50-day simple moving average of $166.31 and a two-hundred day simple moving average of $159.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.37. The firm has a market cap of $28.32 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.06 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 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $838.77 million for the quarter, compared to analysts’ expectations 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 firm earned $1.08 earnings per share. On average, analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared 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 of this dividend was Monday, August 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.0%. Atmos Energy’s dividend payout ratio 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.