DekaBank Deutsche Girozentrale Purchases 369 Shares of Atmos Energy Corporation $ATO

DekaBank Deutsche Girozentrale raised its position in Atmos Energy Corporation (NYSE:ATO) by 0.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 47,563 shares of the utilities provider’s stock after acquiring an additional 369 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Atmos Energy were worth $7,261,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC raised its stake in shares of Atmos Energy by 11,200.0% during the 2nd quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 336 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Atmos Energy by 7.0% during the 2nd quarter. Stephens Inc. AR now owns 2,545 shares of the utilities provider’s stock worth $392,000 after purchasing an additional 166 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its stake in shares of Atmos Energy by 2.5% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 3,002 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 73 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Atmos Energy by 3.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 5,901 shares of the utilities provider’s stock worth $927,000 after purchasing an additional 170 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $226,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATO. Argus set a $172.00 price objective on Atmos Energy in a research note on Thursday, September 18th. Bank of America reiterated a “neutral” rating and set a $185.00 price objective (up previously from $182.00) on shares of Atmos Energy in a research note on Thursday, October 16th. Mizuho upped their price objective on Atmos Energy from $164.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th. UBS Group reissued a “neutral” rating and set a $159.00 target price (up from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. Finally, TD Cowen raised Atmos Energy to a “hold” rating in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $170.44.

Atmos Energy Stock Up 0.1%

ATO stock opened at $176.00 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $28.25 billion, a PE ratio of 24.18, a PEG ratio of 2.97 and a beta of 0.74. Atmos Energy Corporation has a 1-year low of $136.05 and a 1-year high of $179.70. The business’s 50 day simple moving average is $169.10 and its 200 day simple moving average is $160.65.

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

Atmos Energy Dividend Announcement

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

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.