Campbell & CO Investment Adviser LLC Purchases 12,103 Shares of Atmos Energy Corporation $ATO

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in Atmos Energy Corporation by 160.9% in the first quarter, now owning 19,624 shares valued at $3,033,000.
• Atmos Energy reported earnings per share (EPS) of $1.16 for the latest quarter, missing estimates, with revenue of $838.77 million compared to expectations of $848.97 million.
• The company announced a quarterly dividend of $0.87 per share, representing an annualized dividend yield of 2.1%, to be paid to stockholders on September 8th.

Campbell & CO Investment Adviser LLC boosted its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 160.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,624 shares of the utilities provider's stock after acquiring an additional 12,103 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Atmos Energy were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SouthState Corp raised its position in shares of Atmos Energy by 4.9% in the 1st quarter. SouthState Corp now owns 1,447 shares of the utilities provider's stock worth $224,000 after acquiring an additional 67 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Atmos Energy by 3.8% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,871 shares of the utilities provider's stock worth $289,000 after acquiring an additional 68 shares in the last quarter. Private Trust Co. NA raised its position in shares of Atmos Energy by 26.0% in the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider's stock worth $58,000 after acquiring an additional 78 shares in the last quarter. Smith Shellnut Wilson LLC ADV raised its position in shares of Atmos Energy by 4.3% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,968 shares of the utilities provider's stock worth $304,000 after acquiring an additional 81 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in Atmos Energy by 0.7% during the 1st quarter. D.A. Davidson & CO. now owns 11,029 shares of the utilities provider's stock valued at $1,705,000 after buying an additional 81 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Argus raised Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. UBS Group reaffirmed a "neutral" rating and set a $159.00 price objective (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Atmos Energy in a research report on Thursday, August 21st. Barclays reduced their price objective on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Finally, LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $163.00 price objective (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.27.

Atmos Energy Stock Up 0.7%

Shares of Atmos Energy stock traded up $1.09 on Friday, reaching $166.52. The company's stock had a trading volume of 246,527 shares, compared to its average volume of 969,236. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 3.07 and a beta of 0.69. The firm's fifty day simple moving average is $158.47 and its two-hundred day simple moving average is $154.94. Atmos Energy Corporation has a 52 week low of $128.12 and a 52 week high of $168.86. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67.

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

Atmos Energy Dividend Announcement

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

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.