Kingsview Wealth Management LLC Has $580,000 Stock Position in Atmos Energy Co. (NYSE:ATO)

Kingsview Wealth Management LLC boosted its holdings in Atmos Energy Co. (NYSE:ATO) by 152.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,166 shares of the utilities provider’s stock after acquiring an additional 2,517 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Atmos Energy were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATO. Apollon Wealth Management LLC grew its holdings in shares of Atmos Energy by 3.9% during the 4th quarter. Apollon Wealth Management LLC now owns 5,648 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 211 shares during the last quarter. Vest Financial LLC boosted its position in Atmos Energy by 2.7% in the fourth quarter. Vest Financial LLC now owns 397,828 shares of the utilities provider’s stock valued at $55,406,000 after buying an additional 10,367 shares in the last quarter. Slocum Gordon & Co LLP bought a new stake in shares of Atmos Energy during the fourth quarter worth $125,000. Global X Japan Co. Ltd. increased its holdings in shares of Atmos Energy by 8.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 3,646 shares of the utilities provider’s stock worth $508,000 after buying an additional 295 shares in the last quarter. Finally, Keystone Financial Group Inc. bought a new position in shares of Atmos Energy in the 4th quarter valued at $79,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $146.30 on Thursday. The company has a market capitalization of $23.22 billion, a PE ratio of 20.84, a P/E/G ratio of 2.81 and a beta of 0.72. The company has a quick ratio of 0.80, a current ratio of 1.56 and a debt-to-equity ratio of 0.66. Atmos Energy Co. has a twelve month low of $110.46 and a twelve month high of $152.65. The firm has a fifty day simple moving average of $141.00 and a 200 day simple moving average of $138.81.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.03. Atmos Energy had a return on equity of 8.89% and a net margin of 25.90%. On average, sell-side analysts forecast that Atmos Energy Co. will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, February 25th. Atmos Energy’s dividend payout ratio (DPR) is 49.57%.

Analyst Ratings Changes

A number of equities analysts have issued reports on ATO shares. Mizuho upped their target price on Atmos Energy from $148.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley lowered their price objective on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Bank of America began coverage on shares of Atmos Energy in a research report on Friday, December 13th. They set a “buy” rating and a $156.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Atmos Energy has a consensus rating of “Moderate Buy” and an average target price of $148.75.

About Atmos Energy

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.