Lido Advisors LLC Sells 161 Shares of Atmos Energy Co. (NYSE:ATO)

Lido Advisors LLC decreased its holdings in Atmos Energy Co. (NYSE:ATO) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,783 shares of the utilities provider’s stock after selling 161 shares during the quarter. Lido Advisors LLC’s holdings in Atmos Energy were worth $1,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ATO. Noble Wealth Management PBC bought a new position in Atmos Energy during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Atmos Energy by 72.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 103 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of Atmos Energy by 50.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $42,000 after buying an additional 100 shares during the last quarter. Keystone Financial Group Inc. bought a new stake in Atmos Energy during the fourth quarter valued at approximately $79,000. Finally, Parkside Financial Bank & Trust raised its position in Atmos Energy by 23.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 598 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 112 shares during the period. Institutional investors own 90.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ATO. StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Wolfe Research assumed coverage on Atmos Energy in a research note on Monday, March 31st. They issued a “peer perform” rating on the stock. LADENBURG THALM/SH SH upgraded Atmos Energy to a “strong-buy” rating in a research note on Monday, March 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Atmos Energy in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Atmos Energy from $164.00 to $166.00 and gave the company an “overweight” rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.28.

Atmos Energy Price Performance

ATO stock opened at $160.23 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.56. The company’s fifty day moving average price is $152.35 and its 200-day moving average price is $146.20. Atmos Energy Co. has a one year low of $110.97 and a one year high of $161.67. The company has a market capitalization of $25.43 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.94 and a beta of 0.69.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, February 4th. The utilities provider reported $2.23 EPS for the quarter, topping the consensus estimate of $2.20 by $0.03. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. On average, equities analysts anticipate that Atmos Energy Co. will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, February 25th. Atmos Energy’s dividend payout ratio is presently 49.57%.

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.