Atmos Energy Corporation $ATO Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in Atmos Energy Corporation (NYSE:ATO) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,930 shares of the utilities provider’s stock after selling 99 shares during the period. D.A. Davidson & CO.’s holdings in Atmos Energy were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its stake in Atmos Energy by 0.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 47,563 shares of the utilities provider’s stock valued at $7,261,000 after acquiring an additional 369 shares during the period. Bogart Wealth LLC boosted its stake in Atmos Energy by 11,200.0% in the second quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 336 shares during the period. Stephens Inc. AR boosted its stake in Atmos Energy by 7.0% in the second quarter. Stephens Inc. AR now owns 2,545 shares of the utilities provider’s stock valued at $392,000 after acquiring an additional 166 shares during the period. Forvis Mazars Wealth Advisors LLC boosted its stake in Atmos Energy by 2.5% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 3,002 shares of the utilities provider’s stock valued at $463,000 after acquiring an additional 73 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in Atmos Energy by 3.0% in the second quarter. Chicago Partners Investment Group LLC now owns 5,901 shares of the utilities provider’s stock valued at $927,000 after acquiring an additional 170 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Price Performance

NYSE ATO opened at $176.00 on Monday. The stock has a market capitalization of $28.25 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.97 and a beta of 0.74. Atmos Energy Corporation has a 1 year low of $136.05 and a 1 year high of $179.70. The business’s fifty day moving average is $169.10 and its two-hundred day moving average is $160.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.37.

Atmos Energy (NYSE:ATO) last announced its 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 firm had revenue of $838.77 million during the quarter, compared to analyst estimates of $848.97 million. During the same quarter in the previous year, the business 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 fiscal year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued 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 is currently 47.80%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Atmos Energy from $167.00 to $181.00 and gave the company an “overweight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Atmos Energy in a report on Friday. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Barclays set a $175.00 price objective on shares of Atmos Energy in a report on Thursday, October 9th. Finally, LADENBURG THALM/SH SH reiterated a “neutral” rating and issued a $163.00 price objective (down from $171.00) on shares of Atmos Energy in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average price target 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.