Altus Wealth Group LLC Sells 88 Shares of Atmos Energy Corporation $ATO

Altus Wealth Group LLC cut its position in Atmos Energy Corporation (NYSE:ATO) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,583 shares of the utilities provider’s stock after selling 88 shares during the quarter. Altus Wealth Group LLC’s holdings in Atmos Energy were worth $860,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its position in shares of Atmos Energy by 191.2% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 109 shares in the last quarter. Brooklyn Investment Group grew its position in shares of Atmos Energy by 141.2% in 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 in the last quarter. ST Germain D J Co. Inc. grew its position in shares of Atmos Energy by 50.0% in 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 in the last quarter. Golden State Wealth Management LLC grew its position 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 in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Atmos Energy by 26.0% in the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 78 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Price Performance

Atmos Energy stock opened at $176.34 on Monday. Atmos Energy Corporation has a 52 week low of $136.05 and a 52 week high of $179.70. The business has a 50-day simple moving average of $168.01 and a 200 day simple moving average of $159.79. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.98 and a beta of 0.74.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.The business had revenue of $838.77 million for the quarter, compared to analysts’ expectations of $848.97 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. On average, research analysts forecast that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a $0.87 dividend. 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 is presently 47.80%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATO. Mizuho lifted their price target on Atmos Energy from $164.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, September 26th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Morgan Stanley lifted their price target on Atmos Energy from $162.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. Bank of America reiterated a “neutral” rating and issued a $185.00 price target (up from $182.00) on shares of Atmos Energy in a research report on Thursday. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Atmos Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average target price of $168.89.

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.