Atmos Energy Co. (NYSE:ATO) Declares $0.68 Quarterly Dividend

Atmos Energy Co. (NYSE:ATOGet Rating) declared a quarterly dividend on Wednesday, May 4th, RTT News reports. Shareholders of record on Monday, May 23rd will be paid a dividend of 0.68 per share by the utilities provider on Monday, June 6th. This represents a $2.72 annualized dividend and a yield of 2.36%.

Atmos Energy has increased its dividend by an average of 8.9% per year over the last three years and has increased its dividend every year for the last 38 years. Atmos Energy has a dividend payout ratio of 46.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Atmos Energy to earn $5.91 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 46.0%.

Shares of ATO opened at $115.31 on Thursday. Atmos Energy has a 1 year low of $85.80 and a 1 year high of $122.96. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.89. The stock’s fifty day moving average price is $116.47 and its two-hundred day moving average price is $105.64. The firm has a market cap of $15.62 billion, a PE ratio of 21.72, a PEG ratio of 2.79 and a beta of 0.48.

Atmos Energy (NYSE:ATOGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The utilities provider reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.02. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.39 billion. Atmos Energy had a return on equity of 8.77% and a net margin of 19.88%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 EPS. Sell-side analysts anticipate that Atmos Energy will post 5.5 earnings per share for the current fiscal year.

A number of analysts recently commented on ATO shares. Credit Suisse Group assumed coverage on shares of Atmos Energy in a research note on Monday, April 25th. They set an “outperform” rating and a $133.00 price target on the stock. Wells Fargo & Company increased their target price on Atmos Energy from $120.00 to $130.00 in a research report on Thursday. StockNews.com began coverage on Atmos Energy in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Morgan Stanley increased their price objective on Atmos Energy from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 26th. Finally, Barclays lifted their target price on Atmos Energy from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, March 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $122.25.

In other news, VP Richard M. Thomas sold 950 shares of Atmos Energy stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $106.61, for a total transaction of $101,279.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Several large investors have recently modified their holdings of ATO. Morgan Stanley lifted its holdings in shares of Atmos Energy by 37.7% during the 2nd quarter. Morgan Stanley now owns 911,744 shares of the utilities provider’s stock worth $87,627,000 after acquiring an additional 249,589 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Atmos Energy by 8.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 441,314 shares of the utilities provider’s stock valued at $46,236,000 after purchasing an additional 34,289 shares in the last quarter. California State Teachers Retirement System lifted its stake in Atmos Energy by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 253,873 shares of the utilities provider’s stock worth $26,598,000 after purchasing an additional 6,752 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Atmos Energy by 8.3% in the 4th quarter. Sei Investments Co. now owns 164,966 shares of the utilities provider’s stock worth $17,284,000 after purchasing an additional 12,609 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Atmos Energy by 68.4% during the 4th quarter. Stifel Financial Corp now owns 103,941 shares of the utilities provider’s stock valued at $10,890,000 after purchasing an additional 42,221 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

About Atmos Energy (Get Rating)

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

Dividend History for Atmos Energy (NYSE:ATO)

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