Posted by admin on Aug 22nd, 2022 
Northwestern Mutual Wealth Management Co. increased its holdings in Atmos Energy Co. (NYSE:ATO – Get Rating) by 2.8% during the 1st quarter, HoldingsChannel reports. The fund owned 3,433 shares of the utilities provider’s stock after acquiring an additional 95 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Atmos Energy were worth $410,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. State of Michigan Retirement System raised its stake in Atmos Energy by 1.2% during the first quarter. State of Michigan Retirement System now owns 72,310 shares of the utilities provider’s stock valued at $8,640,000 after buying an additional 829 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Atmos Energy by 181.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,647 shares of the utilities provider’s stock valued at $277,000 after buying an additional 1,706 shares in the last quarter. Ahrens Investment Partners LLC raised its stake in Atmos Energy by 56.6% during the first quarter. Ahrens Investment Partners LLC now owns 783 shares of the utilities provider’s stock valued at $94,000 after buying an additional 283 shares in the last quarter. Arizona State Retirement System raised its stake in Atmos Energy by 3.5% during the first quarter. Arizona State Retirement System now owns 36,862 shares of the utilities provider’s stock valued at $4,405,000 after buying an additional 1,252 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in Atmos Energy by 2.4% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 150,616 shares of the utilities provider’s stock valued at $15,780,000 after buying an additional 3,467 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
Shares of ATO stock opened at $118.01 on Monday. Atmos Energy Co. has a 12-month low of $85.80 and a 12-month high of $122.96. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. The business has a 50 day simple moving average of $112.91 and a 200 day simple moving average of $113.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.01 and a quick ratio of 0.94.
Atmos Energy (NYSE:ATO – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. Atmos Energy had a return on equity of 8.73% and a net margin of 18.57%. During the same period last year, the business posted $0.78 earnings per share. On average, equities research analysts anticipate that Atmos Energy Co. will post 5.56 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, August 19th. Atmos Energy’s payout ratio is currently 49.28%.
Several analysts have issued reports on ATO shares. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 5th. Mizuho upped their target price on Atmos Energy from $119.00 to $131.00 in a report on Friday, April 29th. Wells Fargo & Company upped their target price on Atmos Energy from $120.00 to $130.00 in a report on Thursday, May 5th. The Goldman Sachs Group lowered Atmos Energy from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Thursday, May 12th. Finally, Barclays lowered their target price on Atmos Energy from $125.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.00.
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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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