2,500 Shares in Atmos Energy Corporation (NYSE:ATO) Purchased by Jmac Enterprises LLC

Jmac Enterprises LLC bought a new position in Atmos Energy Corporation (NYSE:ATO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,500 shares of the utilities provider's stock, valued at approximately $386,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Atmos Energy in the 1st quarter worth about $273,000. Steward Partners Investment Advisory LLC grew its position in Atmos Energy by 12.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,029 shares of the utilities provider's stock worth $840,000 after purchasing an additional 681 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Atmos Energy in the 4th quarter worth about $10,319,000. Atria Wealth Solutions Inc. bought a new stake in Atmos Energy in the 4th quarter worth about $298,000. Finally, SG Americas Securities LLC grew its position in Atmos Energy by 248.7% in the 1st quarter. SG Americas Securities LLC now owns 8,150 shares of the utilities provider's stock worth $1,260,000 after purchasing an additional 5,813 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Buying and Selling

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $150.98, for a total value of $2,264,700.00. Following the sale, the director now directly owns 172,632 shares in the company, valued at $26,063,979.36. This represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by insiders.

Atmos Energy Stock Up 0.6%

Atmos Energy stock opened at $153.30 on Monday. Atmos Energy Corporation has a twelve month low of $113.46 and a twelve month high of $167.45. The firm has a 50 day moving average price of $156.35 and a 200-day moving average price of $149.03. The company has a market capitalization of $24.35 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.95 and a beta of 0.71. The company has a quick ratio of 1.25, a current ratio of 1.33 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.82 billion. Atmos Energy had a net margin of 25.35% and a return on equity of 9.05%. Atmos Energy's revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. As a group, equities analysts predict that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.27%. The ex-dividend date was Tuesday, May 27th. Atmos Energy's dividend payout ratio (DPR) is presently 48.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ATO. Wall Street Zen raised shares of Atmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley set a $156.00 price objective on shares of Atmos Energy and gave the stock an "overweight" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Mizuho downgraded shares of Atmos Energy from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $165.00 to $164.00 in a research report on Monday, April 28th. Finally, Wolfe Research initiated coverage on shares of Atmos Energy in a research report on Monday, March 31st. They issued a "peer perform" rating for the company. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.05.

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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