Atmos Energy Corporation $ATO Shares Sold by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its holdings in Atmos Energy Corporation by 44.2% in the first quarter, owning 2,370 shares worth approximately $366,000.
• Atmos Energy has experienced various changes in institutional investments, with Vanguard Group Inc. increasing its stake by 2.1% during the same period, now owning over 20 million shares valued at over $3.2 billion.
• The company recently announced a quarterly dividend of $0.87 per share, representing an annualized dividend of $3.48 and a yield of 2.1%.

RWA Wealth Partners LLC trimmed its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 44.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,370 shares of the utilities provider's stock after selling 1,880 shares during the period. RWA Wealth Partners LLC's holdings in Atmos Energy were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ATO. First Horizon Advisors Inc. raised its holdings in shares of Atmos Energy by 191.2% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock worth $26,000 after purchasing an additional 109 shares during the last quarter. Brooklyn Investment Group grew its position in Atmos Energy by 141.2% during 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 purchased a new position in shares of Atmos Energy during the 4th quarter valued at about $37,000. South Plains Financial Inc. acquired a new position in shares of Atmos Energy in the 4th quarter valued at about $51,000. Finally, Golden State Wealth Management LLC lifted 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 buying an additional 262 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Analysts Set New Price Targets

ATO has been the subject of several recent research reports. Morgan Stanley reiterated an "overweight" rating on shares of Atmos Energy in a research report on Thursday, August 21st. Wall Street Zen upgraded Atmos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. UBS Group reissued a "neutral" rating and issued a $159.00 price objective (up from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. Argus upgraded Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Mizuho lowered Atmos Energy from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $165.00 to $164.00 in a research report on Monday, April 28th. One research 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. According to data from MarketBeat, Atmos Energy has a consensus rating of "Moderate Buy" and an average price target of $158.27.

Atmos Energy Price Performance

Shares of NYSE:ATO traded up $0.63 during trading on Tuesday, reaching $166.08. The stock had a trading volume of 2,010,968 shares, compared to its average volume of 953,453. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.37. Atmos Energy Corporation has a 1-year low of $128.12 and a 1-year high of $168.86. The stock has a market cap of $26.66 billion, a PE ratio of 22.81, a PEG ratio of 3.06 and a beta of 0.69. The business has a fifty day moving average price of $157.92 and a 200-day moving average price of $154.70.

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

Atmos Energy Dividend Announcement

The firm 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. The ex-dividend date is Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Atmos Energy's payout ratio 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.