Atmos Energy Corporation $ATO Holdings Raised by Brighton Jones LLC

Brighton Jones LLC lifted its stake in Atmos Energy Corporation (NYSE:ATO) by 263.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,047 shares of the utilities provider’s stock after buying an additional 11,627 shares during the quarter. Brighton Jones LLC’s holdings in Atmos Energy were worth $2,510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in Atmos Energy during the second quarter valued at $25,000. Continuum Advisory LLC bought a new stake in Atmos Energy in the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC increased its holdings in Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in Atmos Energy in the 2nd quarter valued at $28,000. Finally, Downshift Financial LLC lifted its stake in Atmos Energy by 2,514.3% in the 3rd quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Up 0.1%

NYSE ATO opened at $173.46 on Tuesday. The stock has a 50 day moving average price of $164.97 and a 200-day moving average price of $174.26. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The company has a market capitalization of $29.31 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.80 and a beta of 0.56.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 4th. The utilities provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.03. Atmos Energy had a net margin of 28.50% and a return on equity of 9.63%. The company had revenue of $837.00 million for the quarter, compared to analysts’ expectations of $873.77 million. During the same quarter in the previous year, the business posted $1.07 earnings per share. As a group, equities analysts predict that Atmos Energy Corporation will post 9.10 EPS for the current fiscal year.

Atmos Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 23rd will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.5%. This is an increase from Atmos Energy’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, November 23rd. Atmos Energy’s dividend payout ratio (DPR) is 47.00%.

Analyst Ratings Changes

Several research analysts have commented on ATO shares. Wells Fargo & Company reissued an “overweight” rating and set a $201.00 price objective on shares of Atmos Energy in a report on Friday. Weiss Ratings cut Atmos Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 28th. Morgan Stanley lifted their target price on Atmos Energy from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. downgraded Atmos Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $198.00 to $180.00 in a research report on Friday, September 11th. Finally, Truist Financial dropped their price target on Atmos Energy from $179.00 to $174.00 and set a “hold” rating for the company in a research note on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and a consensus target price of $183.36.

About Atmos Energy