Corient Capital Partners LLC Acquires 820 Shares of Atmos Energy Co. (NYSE:ATO)

Corient Capital Partners LLC raised its holdings in shares of Atmos Energy Co. (NYSE:ATOGet Rating) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,690 shares of the utilities provider’s stock after acquiring an additional 820 shares during the quarter. Corient Capital Partners LLC’s holdings in Atmos Energy were worth $638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ATO. Park Avenue Securities LLC bought a new stake in shares of Atmos Energy in the first quarter worth about $309,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Atmos Energy by 7.7% in the first quarter. Steward Partners Investment Advisory LLC now owns 2,851 shares of the utilities provider’s stock valued at $341,000 after purchasing an additional 204 shares during the period. Atria Investments LLC bought a new position in Atmos Energy in the first quarter worth approximately $1,442,000. Mutual of America Capital Management LLC raised its stake in Atmos Energy by 3.3% in the first quarter. Mutual of America Capital Management LLC now owns 28,215 shares of the utilities provider’s stock worth $3,371,000 after buying an additional 911 shares in the last quarter. Finally, Securian Asset Management Inc. raised its stake in Atmos Energy by 2.4% in the first quarter. Securian Asset Management Inc. now owns 11,073 shares of the utilities provider’s stock worth $1,323,000 after buying an additional 260 shares in the last quarter. 90.71% of the stock is owned by institutional investors.

Atmos Energy Price Performance

NYSE:ATO opened at $118.58 on Thursday. Atmos Energy Co. has a one year low of $88.96 and a one year high of $122.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.85. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 2.63 and a beta of 0.55. The firm’s fifty day moving average is $106.89 and its two-hundred day moving average is $111.50.

Atmos Energy (NYSE:ATOGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. Atmos Energy had a net margin of 18.43% and a return on equity of 8.61%. The company had revenue of $722.70 million for the quarter, compared to analyst estimates of $659.68 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 27.1% on a year-over-year basis. Research analysts expect that Atmos Energy Co. will post 5.96 EPS for the current year.

Atmos Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 2.50%. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, November 25th. Atmos Energy’s dividend payout ratio is presently 48.06%.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, VP Richard M. Thomas sold 1,100 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $110.37, for a total value of $121,407.00. Following the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at $319,079.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ATO has been the topic of a number of recent analyst reports. Mizuho reduced their price target on Atmos Energy from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, November 14th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Atmos Energy in a research report on Monday, October 24th. Morgan Stanley upped their price target on Atmos Energy from $111.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, November 11th. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Atmos Energy from $130.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Atmos Energy Profile

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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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