SteelPeak Wealth LLC Sells 173 Shares of Atmos Energy Co. (NYSE:ATO)

SteelPeak Wealth LLC lessened its stake in shares of Atmos Energy Co. (NYSE:ATO) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,641 shares of the utilities provider’s stock after selling 173 shares during the period. SteelPeak Wealth LLC’s holdings in Atmos Energy were worth $1,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Reaves W H & Co. Inc. grew its stake in Atmos Energy by 281.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock worth $65,208,000 after buying an additional 415,054 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Atmos Energy by 3.5% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,489,174 shares of the utilities provider’s stock worth $172,595,000 after buying an additional 50,209 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Atmos Energy by 40.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 24,696 shares of the utilities provider’s stock worth $2,862,000 after buying an additional 7,141 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Atmos Energy by 3.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 176,224 shares of the utilities provider’s stock valued at $20,957,000 after buying an additional 6,641 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Atmos Energy in the first quarter valued at about $1,876,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Trading Up 0.2 %

ATO stock traded up $0.31 during trading on Thursday, hitting $128.98. The company had a trading volume of 846,642 shares, compared to its average volume of 909,217. The stock has a market cap of $19.46 billion, a PE ratio of 19.35, a PEG ratio of 2.74 and a beta of 0.67. The business has a 50-day moving average of $120.96 and a 200-day moving average of $117.46. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a one year low of $101.00 and a one year high of $132.24.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The business had revenue of $701.55 million during the quarter, compared to the consensus estimate of $924.75 million. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. During the same quarter last year, the firm earned $0.94 earnings per share. Research analysts predict that Atmos Energy Co. will post 6.77 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Monday, August 26th will be paid a dividend of $0.805 per share. The ex-dividend date is Monday, August 26th. This represents a $3.22 annualized dividend and a yield of 2.50%. Atmos Energy’s dividend payout ratio is currently 48.28%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATO shares. Mizuho boosted their target price on shares of Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley lowered their price objective on Atmos Energy from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, June 24th. Finally, Wells Fargo & Company lifted their target price on shares of Atmos Energy from $132.00 to $145.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.71.

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.