3,007 Atmos Energy Corporation $ATO Shares Acquired by Lido Advisors LLC

Lido Advisors LLC raised its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 26.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,419 shares of the utilities provider’s stock after purchasing an additional 3,007 shares during the quarter. Lido Advisors LLC’s holdings in Atmos Energy were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

ATO has been the topic of a number of research reports. Wells Fargo & Company restated an “overweight” rating and set a $201.00 price target on shares of Atmos Energy in a research report on Friday, November 6th. Weiss Ratings cut Atmos Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 28th. Jefferies Financial Group reduced their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research report on Thursday, October 1st. Truist Financial reduced their price objective on Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Finally, Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $183.36.

Atmos Energy Trading Up 0.3%

Shares of NYSE:ATO traded up $0.46 on Friday, reaching $176.38. 748,684 shares of the company traded hands, compared to its average volume of 1,014,464. The stock has a market capitalization of $29.81 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 2.78 and a beta of 0.56. The business’s 50-day simple moving average is $165.63 and its 200 day simple moving average is $174.44. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. Atmos Energy Corporation has a 52 week low of $154.72 and a 52 week high of $192.51.

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

Atmos Energy Increases Dividend

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

Atmos Energy Profile

Atmos Energy Corporation is a regulated natural gas utility and pipeline operator headquartered in Dallas, Texas. The company distributes natural gas to residential, commercial and industrial customers and operates natural gas transmission and storage assets. Its regulated distribution business serves customers in eight states: Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, Texas and Virginia. Through its pipeline and storage operations, Atmos Energy moves and stores natural gas, primarily in Texas, Louisiana and Mississippi.