Croban Sells 94 Shares of Atmos Energy Corporation $ATO

Croban reduced its stake in Atmos Energy Corporation (NYSE:ATO) by 1.0% during the 2nd quarter, Holdings Channel reports. The firm owned 8,933 shares of the utilities provider’s stock after selling 94 shares during the period. Atmos Energy makes up 1.2% of Croban’s holdings, making the stock its 29th biggest holding. Croban’s holdings in Atmos Energy were worth $1,377,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its position in shares of Atmos Energy by 191.2% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 109 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Atmos Energy by 141.2% in the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 137 shares during the last quarter. ST Germain D J Co. Inc. increased its position in shares of Atmos Energy by 50.0% in the second quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 100 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Atmos Energy by 379.7% in the first quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 262 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Atmos Energy by 26.0% in the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 78 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus set a $172.00 target price on Atmos Energy in a research report on Thursday, September 18th. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Barclays set a $175.00 target price on Atmos Energy in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $159.00 target price (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Atmos Energy in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.70.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $176.45 on Friday. The business’s 50 day moving average price is $166.31 and its two-hundred day moving average price is $158.88. The company has a market cap of $28.32 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 3.03 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 twelve month low of $136.05 and a twelve month high of $177.83.

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

Atmos Energy Announces Dividend

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

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.