Atmos Energy Corporation (NYSE:ATO) Position Decreased by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. trimmed its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 18.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,148 shares of the utilities provider's stock after selling 20,732 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned 0.06% of Atmos Energy worth $13,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of Atmos Energy during the fourth quarter worth $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Atmos Energy by 72.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock worth $34,000 after purchasing an additional 103 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Atmos Energy during the fourth quarter worth $37,000. South Plains Financial Inc. acquired a new stake in shares of Atmos Energy during the fourth quarter worth $51,000. Finally, Bank of New Hampshire acquired a new stake in shares of Atmos Energy during the first quarter worth $58,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kim R. Cocklin sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were 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 trade represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.48% of the company's stock.

Atmos Energy Price Performance

ATO traded up $2.83 on Monday, reaching $156.39. The company had a trading volume of 791,719 shares, compared to its average volume of 924,528. The company has a fifty day moving average of $156.37 and a 200-day moving average of $149.13. The company has a market capitalization of $24.84 billion, a P/E ratio of 21.72, a PEG ratio of 2.95 and a beta of 0.71. The company has a current ratio of 1.33, a quick ratio of 1.25 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a one year low of $113.46 and a one year high of $167.45.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates 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 was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. As a group, equities research analysts anticipate that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $3.48 annualized dividend and a dividend yield of 2.23%. Atmos Energy's dividend payout ratio (DPR) is 48.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATO. Argus raised shares of Atmos Energy to a "strong-buy" rating in a report on Wednesday, May 28th. Mizuho cut shares of 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. Wall Street Zen raised shares of Atmos Energy from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Wolfe Research assumed coverage on shares of Atmos Energy in a report on Monday, March 31st. They issued a "peer perform" rating on the stock. Finally, Citigroup increased their price objective on shares of Atmos Energy from $148.00 to $163.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Six 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.