17 Capital Partners LLC Sells 1,249 Shares of Atmos Energy Corporation $ATO

17 Capital Partners LLC cut its stake in Atmos Energy Corporation (NYSE:ATO) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,078 shares of the utilities provider’s stock after selling 1,249 shares during the period. 17 Capital Partners LLC’s holdings in Atmos Energy were worth $1,399,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Brooklyn Investment Group raised its stake in Atmos Energy by 141.2% during the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 137 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Atmos Energy by 50.0% in the 2nd quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Bogart Wealth LLC increased its position in shares of Atmos Energy by 11,200.0% during the 2nd quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 336 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Atmos Energy by 24.0% during the 2nd quarter. Westside Investment Management Inc. now owns 372 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 72 shares during the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Atmos Energy in the first quarter valued at about $59,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.8%

Shares of ATO opened at $173.90 on Thursday. The business’s fifty day moving average price is $172.52 and its two-hundred day moving average price is $163.09. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 2.90 and a beta of 0.73. Atmos Energy Corporation has a 52 week low of $136.05 and a 52 week high of $180.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.37.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Friday, November 14th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter. The business had revenue of $737.48 million for the quarter. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%. On average, analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a $1.00 dividend. This is an increase from Atmos Energy’s previous quarterly dividend of $0.87. This represents a $4.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, November 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 53.40%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ATO shares. Morgan Stanley raised their price objective on shares of Atmos Energy from $167.00 to $181.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Barclays set a $175.00 price objective on Atmos Energy in a research report on Thursday, October 9th. Cowen started coverage on Atmos Energy in a report on Wednesday, October 15th. They set a “hold” rating on the stock. Finally, LADENBURG THALM/SH SH restated a “neutral” rating and issued a $163.00 target price (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $170.44.

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.