Transcend Capital Advisors LLC Sells 243 Shares of Atmos Energy Corporation $ATO

Transcend Capital Advisors LLC trimmed its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,639 shares of the utilities provider’s stock after selling 243 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Atmos Energy were worth $253,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in Atmos Energy by 191.2% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock valued at $26,000 after buying an additional 109 shares during the period. Brooklyn Investment Group raised its holdings in Atmos Energy by 141.2% in 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 during the period. ST Germain D J Co. Inc. raised its holdings in Atmos Energy by 50.0% in 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 during the period. Bogart Wealth LLC raised its holdings in Atmos Energy by 11,200.0% in the 2nd quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 336 shares during the period. Finally, Private Trust Co. NA raised its holdings in Atmos Energy by 26.0% in the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 78 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Price Performance

NYSE:ATO opened at $173.24 on Friday. 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 business’s 50-day simple moving average is $169.76 and its two-hundred day simple moving average is $161.42. The stock has a market cap of $27.81 billion, a PE ratio of 23.80, a P/E/G ratio of 2.90 and a beta of 0.74. Atmos Energy Corporation has a 52 week low of $136.05 and a 52 week high of $179.70.

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

Atmos Energy Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 25th. Atmos Energy’s payout ratio is 47.80%.

Analyst Ratings Changes

ATO has been the topic of a number of recent research reports. Mizuho raised their target price on Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. UBS Group reaffirmed a “neutral” rating and issued a $159.00 target price (up from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. Barclays set a $175.00 target price on Atmos Energy in a report on Thursday, October 9th. Finally, Morgan Stanley raised their target price on Atmos Energy from $167.00 to $181.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.