Atria Investments LLC Invests $1.44 Million in Atmos Energy Co. (NYSE:ATO)

Atria Investments LLC bought a new position in shares of Atmos Energy Co. (NYSE:ATOGet Rating) in the first quarter, Holdings Channel reports. The firm bought 12,070 shares of the utilities provider’s stock, valued at approximately $1,442,000.

A number of other institutional investors have also modified their holdings of ATO. Curi Wealth Management LLC acquired a new position in Atmos Energy during the 4th quarter worth approximately $32,000. Westside Investment Management Inc. acquired a new position in Atmos Energy during the 1st quarter worth approximately $35,000. National Bank of Canada FI acquired a new position in Atmos Energy during the 4th quarter worth approximately $43,000. Richwood Investment Advisors LLC acquired a new position in Atmos Energy during the 4th quarter worth approximately $76,000. Finally, Compagnie Lombard Odier SCmA lifted its position in Atmos Energy by 158.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 775 shares of the utilities provider’s stock worth $81,000 after acquiring an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Atmos Energy Price Performance

Shares of ATO opened at $116.25 on Wednesday. The company has a market cap of $16.16 billion, a P/E ratio of 21.61, a PEG ratio of 2.78 and a beta of 0.48. The stock has a fifty day moving average price of $112.09 and a 200 day moving average price of $112.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.10 and a quick ratio of 1.07. Atmos Energy Co. has a 12 month low of $85.80 and a 12 month high of $122.96.

Atmos Energy (NYSE:ATOGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The utilities provider reported $2.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.02). Atmos Energy had a return on equity of 8.80% and a net margin of 18.91%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the company posted $2.30 EPS. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, research analysts forecast that Atmos Energy Co. will post 5.54 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 6th. Stockholders of record on Monday, May 23rd were paid a $0.68 dividend. The ex-dividend date of this dividend was Friday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.34%. Atmos Energy’s payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ATO. Barclays reduced their price target on Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Wells Fargo & Company upped their target price on Atmos Energy from $120.00 to $130.00 in a research report on Thursday, May 5th. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Mizuho upped their target price on Atmos Energy from $119.00 to $131.00 in a research report on Friday, April 29th. Finally, Credit Suisse Group assumed coverage on Atmos Energy in a research report on Monday, April 25th. They issued an “outperform” rating and a $133.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.25.

Atmos Energy Company Profile

(Get Rating)

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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