Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 221 Shares of Atmos Energy Corporation (NYSE:ATO)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in Atmos Energy Corporation (NYSE:ATO) by 4.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,370 shares of the utilities provider’s stock after selling 221 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Atmos Energy were worth $819,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Noble Wealth Management PBC bought a new position in shares of Atmos Energy in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in Atmos Energy by 72.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider’s stock valued at $34,000 after buying an additional 103 shares during the period. Cary Street Partners Financial LLC bought a new position in Atmos Energy in the fourth quarter valued at approximately $37,000. South Plains Financial Inc. bought a new position in Atmos Energy in the fourth quarter valued at approximately $51,000. Finally, Bank of New Hampshire acquired a new stake in Atmos Energy during the 1st quarter worth $58,000. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $150.98, for a total value of $2,264,700.00. Following the completion of the transaction, the director now directly owns 172,632 shares of the company’s stock, valued at approximately $26,063,979.36. This represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ATO has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Atmos Energy from $164.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. LADENBURG THALM/SH SH raised Atmos Energy to a “strong-buy” rating in a research note on Friday, May 9th. Argus upgraded Atmos Energy to a “strong-buy” rating in a report on Wednesday, May 28th. Wolfe Research began coverage on Atmos Energy in a research note on Monday, March 31st. They issued a “peer perform” rating for the company. Finally, Morgan Stanley set a $156.00 price target on shares of Atmos Energy and gave the company an “overweight” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Atmos Energy has a consensus rating of “Moderate Buy” and a consensus price target of $156.05.

Atmos Energy Trading Down 0.0%

NYSE ATO opened at $152.23 on Friday. Atmos Energy Corporation has a one year low of $113.46 and a one year high of $167.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 1.25. The firm has a market cap of $24.18 billion, a P/E ratio of 21.14, a P/E/G ratio of 2.93 and a beta of 0.71. The stock’s 50-day moving average is $156.31 and its 200-day moving average is $148.90.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Atmos Energy had a return on equity of 9.05% and a net margin of 25.35%. Atmos Energy’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.85 EPS. Sell-side analysts anticipate that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, May 27th. Atmos Energy’s dividend payout ratio is 48.33%.

Atmos Energy 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.