Atmos Energy Corporation $ATO Position Trimmed by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. trimmed its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 2.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 138,602 shares of the utilities provider’s stock after selling 3,609 shares during the period. Asset Management One Co. Ltd.’s holdings in Atmos Energy were worth $21,360,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Atmos Energy during the second quarter worth approximately $368,000. FSM Wealth Advisors LLC bought a new stake in Atmos Energy during the second quarter worth approximately $216,000. Patten Group Inc. boosted its holdings in Atmos Energy by 38.8% during the second quarter. Patten Group Inc. now owns 2,307 shares of the utilities provider’s stock worth $356,000 after buying an additional 645 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Atmos Energy by 0.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 47,563 shares of the utilities provider’s stock worth $7,261,000 after buying an additional 369 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Atmos Energy by 11,200.0% during the second quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock worth $52,000 after buying an additional 336 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Trading Up 0.1%

Shares of NYSE:ATO opened at $176.00 on Friday. The firm has a fifty day moving average of $169.10 and a two-hundred day moving average of $160.74. The firm has a market capitalization of $28.25 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74. Atmos Energy Corporation has a 12-month low of $136.05 and a 12-month high of $179.70. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The company had revenue of $838.77 million for the quarter, compared to analyst estimates 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 last year, the business earned $1.08 EPS. On average, equities analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. Atmos Energy’s dividend payout ratio (DPR) is 47.80%.

Analyst Ratings Changes

A number of research firms recently commented on ATO. Argus set a $172.00 price objective on shares of Atmos Energy in a research note on Thursday, September 18th. Morgan Stanley raised their price objective on shares of Atmos Energy from $167.00 to $181.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised shares of Atmos Energy to a “hold” rating in a research note on Wednesday, October 15th. UBS Group reaffirmed a “neutral” rating and issued a $159.00 price objective (up previously from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Finally, Barclays set a $175.00 price objective on shares of Atmos Energy in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.