Chicago Partners Investment Group LLC Increases Stock Position in Atmos Energy Corporation $ATO

Chicago Partners Investment Group LLC grew its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,901 shares of the utilities provider’s stock after acquiring an additional 170 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Atmos Energy were worth $927,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Atmos Energy by 28.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,158 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 482 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Atmos Energy by 2.9% during the 2nd quarter. Truist Financial Corp now owns 34,705 shares of the utilities provider’s stock valued at $5,348,000 after acquiring an additional 981 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Atmos Energy by 8.4% during the 2nd quarter. Blair William & Co. IL now owns 1,970 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 152 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Atmos Energy by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,861 shares of the utilities provider’s stock worth $4,616,000 after buying an additional 1,157 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Atmos Energy by 26.0% in the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock worth $58,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. LADENBURG THALM/SH SH reissued a “neutral” rating and issued a $163.00 price objective (down previously from $171.00) on shares of Atmos Energy in a report on Friday, August 8th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. Barclays set a $175.00 target price on shares of Atmos Energy in a research note on Thursday, October 9th. Mizuho raised their target price on shares of Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Argus set a $172.00 target price on shares of Atmos Energy in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $168.89.

Atmos Energy Price Performance

NYSE ATO opened at $177.08 on Wednesday. Atmos Energy Corporation has a 12 month low of $136.05 and a 12 month high of $179.70. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 3.00 and a beta of 0.74. The company’s 50 day moving average is $168.49 and its two-hundred day moving average is $160.12. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data 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 the consensus estimate of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same quarter in the previous year, the business earned $1.08 EPS. As a group, research analysts anticipate that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.80%.

Atmos Energy Company Profile

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.