CWA Asset Management Group LLC Purchases Shares of 2,333 Atmos Energy Co. (NYSE:ATO)

CWA Asset Management Group LLC bought a new stake in Atmos Energy Co. (NYSE:ATOFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,333 shares of the utilities provider’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baker Avenue Asset Management LP raised its position in shares of Atmos Energy by 984.6% in the third quarter. Baker Avenue Asset Management LP now owns 282 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 256 shares during the period. Global Retirement Partners LLC raised its stake in Atmos Energy by 57.5% in the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 107 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Atmos Energy by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Criterion Capital Advisors LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at about $47,000. Finally, GAMMA Investing LLC purchased a new position in shares of Atmos Energy in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATO. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Barclays boosted their target price on shares of Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Morgan Stanley raised their price target on shares of Atmos Energy from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. UBS Group initiated coverage on Atmos Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $124.00 price objective on the stock. Finally, Wells Fargo & Company raised Atmos Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $130.00 to $132.00 in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.17.

Get Our Latest Analysis on Atmos Energy

Insider Buying and Selling at Atmos Energy

In other news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the transaction, the director now directly owns 186,339 shares of the company’s stock, valued at $21,701,039.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Atmos Energy news, Director Diana J. Walters sold 400 shares of Atmos Energy stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the completion of the sale, the director now directly owns 3,551 shares of the company’s stock, valued at approximately $419,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the completion of the transaction, the director now owns 186,339 shares in the company, valued at approximately $21,701,039.94. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Atmos Energy Stock Down 0.7 %

NYSE:ATO opened at $115.03 on Thursday. The stock’s fifty day moving average is $116.62 and its two-hundred day moving average is $115.23. Atmos Energy Co. has a 52 week low of $101.00 and a 52 week high of $125.28. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.36 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.45 and a beta of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.54 billion. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.48 earnings per share. Research analysts anticipate that Atmos Energy Co. will post 6.75 EPS for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a $0.805 dividend. The ex-dividend date is Friday, May 24th. This represents a $3.22 annualized dividend and a dividend yield of 2.80%. Atmos Energy’s dividend payout ratio (DPR) is 48.28%.

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.

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

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