FSM Wealth Advisors LLC Acquires Shares of 1,416 Atmos Energy Corporation $ATO

FSM Wealth Advisors LLC bought a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,416 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ATO. IFP Advisors Inc increased its stake in Atmos Energy by 3.2% during the second quarter. IFP Advisors Inc now owns 2,086 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 65 shares during the last quarter. SouthState Corp boosted its holdings in shares of Atmos Energy by 4.9% in the 1st quarter. SouthState Corp now owns 1,447 shares of the utilities provider’s stock valued at $224,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in shares of Atmos Energy by 3.8% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,871 shares of the utilities provider’s stock valued at $289,000 after buying an additional 68 shares during the last quarter. LRI Investments LLC raised its stake in Atmos Energy by 6.6% during the second quarter. LRI Investments LLC now owns 1,181 shares of the utilities provider’s stock worth $182,000 after acquiring an additional 73 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC lifted its holdings in Atmos Energy by 2.5% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 3,002 shares of the utilities provider’s stock worth $463,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cowen started coverage on Atmos Energy in a report on Wednesday, October 15th. They set a “hold” rating for the company. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Barclays set a $175.00 price objective on shares of Atmos Energy in a report on Thursday, October 9th. Bank of America reissued a “neutral” rating and set a $185.00 target price (up from $182.00) on shares of Atmos Energy in a research note on Thursday, October 16th. Finally, LADENBURG THALM/SH SH restated a “neutral” rating and issued a $163.00 price target (down previously from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $170.44.

Atmos Energy Stock Performance

ATO stock opened at $176.00 on Friday. The company has a 50-day simple moving average of $169.10 and a 200 day simple moving average of $160.65. The company has a market capitalization of $28.25 billion, a P/E ratio of 24.18, a PEG ratio of 2.97 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 fifty-two week low of $136.05 and a fifty-two week high of $179.70.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results 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 company had revenue of $838.77 million for the quarter, compared to the consensus estimate 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 firm posted $1.08 earnings per share. Sell-side analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

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

Atmos Energy 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.