Checchi Capital Advisers LLC Sells 104 Shares of Atmos Energy Corporation $ATO

Checchi Capital Advisers LLC lessened its holdings in Atmos Energy Corporation (NYSE:ATO) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623 shares of the utilities provider’s stock after selling 104 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Atmos Energy were worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in Atmos Energy by 191.2% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock valued at $26,000 after buying an additional 109 shares during the period. Brooklyn Investment Group increased its holdings in Atmos Energy by 141.2% in the 1st quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock valued at $36,000 after buying an additional 137 shares during the period. ST Germain D J Co. Inc. increased its holdings in Atmos Energy by 50.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock valued at $46,000 after buying an additional 100 shares during the period. Golden State Wealth Management LLC increased its holdings in Atmos Energy by 379.7% in the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock valued at $51,000 after buying an additional 262 shares during the period. Finally, Private Trust Co. NA increased its holdings in Atmos Energy by 26.0% in the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after buying an additional 78 shares during the period. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Up 0.9%

Shares of NYSE ATO opened at $174.83 on Wednesday. The firm’s 50-day simple moving average is $165.13 and its 200 day simple moving average is $158.39. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 3.01 and a beta of 0.74. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a 12-month low of $136.05 and a 12-month high of $175.49.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.01). The company had revenue of $838.77 million for the quarter, compared to analyst estimates of $848.97 million. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.During the same quarter last year, the company earned $1.08 EPS. On average, research analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were given a dividend of $0.87 per share. The ex-dividend date was Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a yield of 2.0%. Atmos Energy’s dividend payout ratio is presently 47.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price target on shares of Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Mizuho upped their target price on shares of Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Atmos Energy in a report on Saturday, September 27th. Finally, Argus set a $172.00 target price on shares of Atmos Energy in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.50.

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.