Thurston Springer Miller Herd & Titak Inc. Has $1.92 Million Holdings in Atmos Energy Co. (NYSE:ATO)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 32.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,396 shares of the utilities provider's stock after purchasing an additional 3,060 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Atmos Energy were worth $1,916,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chevy Chase Trust Holdings LLC increased its stake in shares of Atmos Energy by 12.4% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 348,988 shares of the utilities provider's stock valued at $48,604,000 after buying an additional 38,459 shares in the last quarter. Steward Partners Investment Advisory LLC increased 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 valued at $840,000 after acquiring an additional 681 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Atmos Energy in the fourth quarter worth about $10,319,000. Empowered Funds LLC lifted its position in shares of Atmos Energy by 10.2% during the fourth quarter. Empowered Funds LLC now owns 2,872 shares of the utilities provider's stock worth $400,000 after purchasing an additional 267 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $298,000. Institutional investors own 90.17% of the company's stock.

Atmos Energy Trading Down 0.1%

NYSE:ATO traded down $0.12 during trading hours on Friday, hitting $152.23. The stock had a trading volume of 624,502 shares, compared to its average volume of 934,592. The business's 50 day moving average is $155.78 and its 200-day moving average is $148.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.56. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 2.94 and a beta of 0.71. Atmos Energy Co. has a one year low of $113.46 and a one year high of $167.45.

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, beating analysts' consensus estimates of $2.92 by $0.11. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.82 billion. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. Sell-side analysts anticipate that Atmos Energy Co. will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.87 per share. The ex-dividend date is Tuesday, May 27th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.29%. Atmos Energy's payout ratio is 48.33%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ATO shares. Argus upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. Morgan Stanley dropped their target price on Atmos Energy from $160.00 to $159.00 and set an "overweight" rating for the company in a research report on Thursday, May 22nd. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. LADENBURG THALM/SH SH upgraded Atmos Energy to a "strong-buy" rating in a report on Friday, May 9th. Finally, Mizuho cut Atmos Energy from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $165.00 to $164.00 in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Atmos Energy presently has an average rating of "Moderate Buy" and an average price target of $156.35.

Insider Buying and Selling

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $150.98, for a total transaction of $2,264,700.00. Following the completion of the transaction, the director now owns 172,632 shares in the company, valued at approximately $26,063,979.36. This represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by company insiders.

Atmos Energy Company 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.