Signaturefd LLC Buys 106 Shares of Atmos Energy Co. (NYSE:ATO)

Signaturefd LLC lifted its stake in Atmos Energy Co. (NYSE:ATOFree Report) by 9.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,258 shares of the utilities provider’s stock after acquiring an additional 106 shares during the period. Signaturefd LLC’s holdings in Atmos Energy were worth $133,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ATO. Glassman Wealth Services raised its stake in shares of Atmos Energy by 73.3% in the 2nd quarter. Glassman Wealth Services now owns 234 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Atmos Energy by 177.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 275 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 176 shares in the last quarter. RVW Wealth LLC acquired a new stake in Atmos Energy in the 3rd quarter valued at approximately $32,000. Ronald Blue Trust Inc. grew its holdings in Atmos Energy by 80.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 296 shares of the utilities provider’s stock valued at $34,000 after buying an additional 132 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in Atmos Energy in the 4th quarter valued at approximately $43,000. 90.98% of the stock is owned by institutional investors.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $114.50 on Wednesday. Atmos Energy Co. has a 1-year low of $101.00 and a 1-year high of $125.28. The firm has a market capitalization of $17.27 billion, a PE ratio of 18.68, a PEG ratio of 2.38 and a beta of 0.67. The business’s 50 day moving average is $114.65 and its 200-day moving average is $114.10. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.

Atmos Energy (NYSE:ATOGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. Atmos Energy had a return on equity of 8.54% and a net margin of 20.72%. The company had revenue of $587.64 million for the quarter, compared to analyst estimates of $959.12 million. During the same quarter last year, the firm earned $0.51 EPS. Atmos Energy’s revenue for the quarter was down 18.7% compared to the same quarter last year. Sell-side analysts predict that Atmos Energy Co. will post 6.57 earnings per share for the current year.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were paid a $0.805 dividend. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.74. The ex-dividend date was Friday, November 24th. This represents a $3.22 annualized dividend and a yield of 2.81%. Atmos Energy’s payout ratio is currently 52.53%.

Insider Activity at Atmos Energy

In related news, Director Kim R. Cocklin sold 12,500 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $110.99, for a total value of $1,387,375.00. Following the sale, the director now owns 199,972 shares of the company’s stock, valued at approximately $22,194,892.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Kim R. Cocklin sold 12,500 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $110.99, for a total value of $1,387,375.00. Following the sale, the director now owns 199,972 shares of the company’s stock, valued at approximately $22,194,892.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Richard M. Thomas sold 1,750 shares of Atmos Energy stock in a transaction on Friday, November 17th. The shares were sold at an average price of $114.20, for a total value of $199,850.00. Following the completion of the transaction, the vice president now owns 2,650 shares of the company’s stock, valued at approximately $302,630. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ATO. Morgan Stanley lowered their target price on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, November 21st. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Barclays lowered their target price on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 22nd. Finally, Mizuho raised their target price on Atmos Energy from $131.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $123.50.

Read Our Latest Stock Report on ATO

Atmos Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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