Belpointe Asset Management LLC Acquires New Position in Atmos Energy Corporation $ATO

Belpointe Asset Management LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,444 shares of the utilities provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. SouthState Corp lifted its stake in shares of Atmos Energy by 4.9% during the first quarter. SouthState Corp now owns 1,447 shares of the utilities provider’s stock valued at $224,000 after buying an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Atmos Energy by 3.8% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,871 shares of the utilities provider’s stock valued at $289,000 after buying an additional 68 shares during the period. Private Trust Co. NA lifted its stake in shares of Atmos Energy by 26.0% during the first quarter. Private Trust Co. NA now owns 378 shares of the utilities provider’s stock valued at $58,000 after buying an additional 78 shares during the period. Smith Shellnut Wilson LLC ADV lifted its stake in shares of Atmos Energy by 4.3% during the first quarter. Smith Shellnut Wilson LLC ADV now owns 1,968 shares of the utilities provider’s stock valued at $304,000 after buying an additional 81 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Atmos Energy by 0.7% during the first quarter. D.A. Davidson & CO. now owns 11,029 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

ATO opened at $165.94 on Tuesday. The company has a fifty day simple moving average of $161.34 and a 200 day simple moving average of $156.44. The firm has a market cap of $26.64 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 3.08 and a beta of 0.75. Atmos Energy Corporation has a twelve month low of $134.95 and a twelve month high of $168.86. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The firm had revenue of $838.77 million for the quarter, compared to analyst estimates of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same period in the previous year, the business posted $1.08 earnings per share. Equities research analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Monday, August 25th. Atmos Energy’s dividend payout ratio is 47.80%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Atmos Energy in a research report on Thursday, August 21st. Barclays dropped their price target on shares of Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Argus raised shares of Atmos Energy to a “strong-buy” rating in a research report on Wednesday, May 28th. UBS Group reaffirmed a “neutral” rating and set a $159.00 price target (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Atmos Energy currently has an average rating of “Moderate Buy” and an average target price of $158.27.

Atmos Energy 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.