Bartlett & CO. Wealth Management LLC Sells 391 Shares of Atmos Energy Corporation $ATO

Bartlett & CO. Wealth Management LLC cut its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,202 shares of the utilities provider’s stock after selling 391 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Atmos Energy were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Atmos Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 20,791,335 shares of the utilities provider’s stock valued at $3,213,925,000 after buying an additional 424,235 shares in the last quarter. Nuveen LLC bought a new position in shares of Atmos Energy during the 1st quarter valued at $65,333,000. Clark Capital Management Group Inc. boosted its position in Atmos Energy by 2,713.2% in the first quarter. Clark Capital Management Group Inc. now owns 305,769 shares of the utilities provider’s stock worth $47,266,000 after purchasing an additional 294,900 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Atmos Energy by 24.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,317,500 shares of the utilities provider’s stock worth $203,659,000 after buying an additional 257,341 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Atmos Energy by 93.8% during the 1st quarter. Jennison Associates LLC now owns 444,464 shares of the utilities provider’s stock valued at $68,705,000 after acquiring an additional 215,157 shares during the period. 90.17% of the stock is owned by institutional investors.

Atmos Energy Price Performance

Shares of ATO opened at $168.75 on Friday. 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 stock has a market capitalization of $27.09 billion, a PE ratio of 23.18, a PEG ratio of 2.94 and a beta of 0.74. The company has a 50 day moving average price of $164.12 and a 200-day moving average price of $157.87. Atmos Energy Corporation has a fifty-two week low of $136.05 and a fifty-two week high of $171.20.

Atmos Energy (NYSE:ATO) last released its quarterly 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 company had revenue of $838.77 million during the quarter, compared to the consensus estimate of $848.97 million. During the same period in the previous year, the firm posted $1.08 earnings per share. Equities analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.1%. Atmos Energy’s dividend payout ratio is presently 47.80%.

Wall Street Analysts Forecast Growth

ATO has been the subject of a number of recent research reports. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $163.00 price objective (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Argus set a $172.00 price objective on shares of Atmos Energy in a research report on Thursday, September 18th. Mizuho lifted 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. Finally, Barclays cut their price target on shares of Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmos Energy currently has an average rating of “Moderate Buy” and an average target price of $162.50.

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.