Allstate Corp Buys 3,070 Shares of Atmos Energy Corporation $ATO

Key Points

• Allstate Corp increased its stake in Atmos Energy Corporation by 67.3%, owning a total of 7,632 shares valued at approximately $1,180,000 as of the latest SEC filing.
• The company's quarterly earnings report revealed an EPS of $1.16, slightly missing analyst expectations, with revenues of $838.77 million for the quarter.
• Atmos Energy recently declared a quarterly dividend of $0.87 per share, contributing to an annualized dividend yield of 2.1%, with a dividend payout ratio of 47.80%.

Allstate Corp boosted its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 67.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,632 shares of the utilities provider's stock after acquiring an additional 3,070 shares during the quarter. Allstate Corp's holdings in Atmos Energy were worth $1,180,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew 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 acquiring an additional 109 shares during the last quarter. Brooklyn Investment Group lifted its position 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 worth $36,000 after purchasing an additional 137 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $37,000. South Plains Financial Inc. acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $51,000. Finally, Golden State Wealth Management LLC lifted its position 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 worth $51,000 after purchasing an additional 262 shares during the period. 90.17% of the stock is owned by institutional investors.

Atmos Energy Stock Up 0.6%

ATO traded up $0.95 during trading on Friday, hitting $166.38. 207,842 shares of the company's stock were exchanged, compared to its average volume of 969,056. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. The business's 50 day moving average is $158.47 and its two-hundred day moving average is $154.94. Atmos Energy Corporation has a fifty-two week low of $128.12 and a fifty-two week high of $168.86. The stock has a market cap of $26.71 billion, a P/E ratio of 22.86, a PEG ratio of 3.07 and a beta of 0.69.

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

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 25th will be paid a $0.87 dividend. The ex-dividend date is Monday, August 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Atmos Energy's dividend payout ratio is presently 47.80%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Atmos Energy from $148.00 to $163.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. LADENBURG THALM/SH SH reiterated a "neutral" rating and set a $163.00 target price (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Argus upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. UBS Group reiterated a "neutral" rating and set a $159.00 target price (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Finally, Barclays dropped their target price on shares of Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Atmos Energy currently has a consensus rating of "Moderate Buy" and a consensus price target 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.