Atmos Energy Co. (NYSE:ATO) Shares Acquired by Pathstone Family Office LLC

Pathstone Family Office LLC lifted its stake in shares of Atmos Energy Co. (NYSE:ATOFree Report) by 102.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,710 shares of the utilities provider’s stock after acquiring an additional 7,460 shares during the period. Pathstone Family Office LLC’s holdings in Atmos Energy were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Glassman Wealth Services raised its holdings in shares of Atmos Energy by 73.3% during the 2nd quarter. Glassman Wealth Services now owns 234 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 99 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Atmos Energy by 177.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 275 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 176 shares during the period. RVW Wealth LLC acquired a new stake in shares of Atmos Energy during the 3rd quarter worth about $32,000. Ronald Blue Trust Inc. increased its position in shares of Atmos Energy by 80.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 296 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 132 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Atmos Energy during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ATO shares. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Morgan Stanley cut their price objective on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, November 21st. Mizuho raised their price objective on Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Barclays cut their price objective on Atmos Energy from $116.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.50.

Check Out Our Latest Stock Report on Atmos Energy

Insider Activity

In other news, VP Richard M. Thomas sold 1,750 shares of Atmos Energy stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $114.20, for a total value of $199,850.00. Following the completion of the transaction, the vice president now owns 2,650 shares in the company, valued at approximately $302,630. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Atmos Energy Stock Performance

NYSE ATO opened at $113.11 on Monday. The company has a market cap of $17.06 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. The stock has a 50-day moving average of $114.69 and a two-hundred day moving average of $113.59. Atmos Energy Co. has a 1-year low of $101.00 and a 1-year high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last released its earnings results on Wednesday, February 7th. The utilities provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.01). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.71 billion. Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. During the same period in the prior year, the firm earned $1.91 earnings per share. As a group, analysts anticipate that Atmos Energy Co. will post 6.57 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, February 26th will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, February 23rd. Atmos Energy’s payout ratio is presently 51.11%.

About Atmos Energy

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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