2,384 Shares in Atmos Energy Corporation $ATO Purchased by Groupe la Francaise

Key Points

• Groupe la Francaise has acquired 2,384 shares of Atmos Energy Corporation, valued at approximately $360,000, during the first quarter of the year.
• Atmos Energy reported a quarterly EPS of $1.16, missing expectations, with a revenue of $838.77 million for the quarter compared to the forecast of $848.97 million.
• The company announced a quarterly dividend of $0.87 per share, with an ex-dividend date set for August 25th, representing an annualized yield of 2.1%.

Groupe la Francaise acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,384 shares of the utilities provider's stock, valued at approximately $360,000.

A number of other institutional investors have also added to or reduced their stakes in ATO. First Horizon Advisors Inc. lifted its holdings in Atmos Energy by 191.2% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock worth $26,000 after purchasing an additional 109 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Atmos Energy by 141.2% in the 1st quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 137 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Atmos Energy in the 4th quarter valued at about $37,000. South Plains Financial Inc. purchased a new stake in shares of Atmos Energy in the 4th quarter valued at about $51,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Atmos Energy by 379.7% in the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Atmos Energy Price Performance

Shares of Atmos Energy stock opened at $168.0320 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $26.97 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 3.11 and a beta of 0.69. The business's 50-day moving average price is $157.38 and its 200-day moving average price is $154.46. Atmos Energy Corporation has a 12 month low of $128.12 and a 12 month high of $168.86.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.01). The firm had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same quarter last year, the company posted $1.08 earnings per share. Sell-side analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Monday, August 25th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 25th. Atmos Energy's dividend payout ratio (DPR) is presently 47.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ATO shares. Citigroup raised their price target on Atmos Energy from $148.00 to $163.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Morgan Stanley set a $156.00 price target on Atmos Energy and gave the company an "overweight" rating in a report on Wednesday, June 18th. Mizuho cut Atmos Energy from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $165.00 to $164.00 in a report on Monday, April 28th. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Argus raised Atmos Energy to a "strong-buy" rating in a report on Wednesday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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