Envestnet Asset Management Inc. Buys 44,561 Shares of Atmos Energy Corporation $ATO

Envestnet Asset Management Inc. raised its stake in Atmos Energy Corporation (NYSE:ATO) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 647,173 shares of the utilities provider’s stock after acquiring an additional 44,561 shares during the period. Envestnet Asset Management Inc.’s holdings in Atmos Energy were worth $99,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in shares of Atmos Energy by 28.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,158 shares of the utilities provider’s stock worth $334,000 after buying an additional 482 shares in the last quarter. Truist Financial Corp grew its stake in shares of Atmos Energy by 2.9% in the 2nd quarter. Truist Financial Corp now owns 34,705 shares of the utilities provider’s stock worth $5,348,000 after buying an additional 981 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Atmos Energy by 8.4% in the 2nd quarter. Blair William & Co. IL now owns 1,970 shares of the utilities provider’s stock worth $304,000 after buying an additional 152 shares in the last quarter. Private Trust Co. NA grew its stake in shares of 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 buying an additional 78 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Atmos Energy by 20.6% in the 1st quarter. LPL Financial LLC now owns 109,772 shares of the utilities provider’s stock worth $16,969,000 after buying an additional 18,753 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. LADENBURG THALM/SH SH reaffirmed a “neutral” rating and set a $163.00 price target (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Atmos Energy in a research note on Wednesday, October 8th. Mizuho lifted their price target on shares of Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, TD Cowen raised shares of Atmos Energy to a “hold” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $170.44.

Atmos Energy Price Performance

Atmos Energy stock opened at $171.66 on Thursday. The stock has a market cap of $27.56 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 2.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.37 and a quick ratio of 1.25. Atmos Energy Corporation has a 1 year low of $136.05 and a 1 year high of $179.70. The firm has a 50-day moving average of $169.64 and a two-hundred day moving average of $161.34.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $838.77 million during the quarter, compared to analysts’ expectations 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 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 year.

Atmos Energy Announces Dividend

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

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.