Cbre Investment Management Listed Real Assets LLC Has $84.05 Million Stake in Atmos Energy Corporation $ATO

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its position in Atmos Energy Corporation by 17.7% during Q1, holding 543,697 shares valued at approximately $84 million.
• Atmos Energy recently reported quarterly earnings of $1.16 EPS, just missing analysts' estimates, with revenue also below expectations at $838.77 million.
• The company announced a quarterly dividend of $0.87 per share, which equates to an annualized dividend of $3.48 and a yield of 2.1%.

Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 17.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 543,697 shares of the utilities provider's stock after buying an additional 81,603 shares during the quarter. Atmos Energy comprises approximately 1.3% of Cbre Investment Management Listed Real Assets LLC's holdings, making the stock its 25th largest position. Cbre Investment Management Listed Real Assets LLC owned 0.34% of Atmos Energy worth $84,045,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SouthState Corp grew its stake in Atmos Energy by 4.9% during the 1st quarter. SouthState Corp now owns 1,447 shares of the utilities provider's stock worth $224,000 after buying an additional 67 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Atmos Energy by 3.8% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,871 shares of the utilities provider's stock worth $289,000 after buying an additional 68 shares during the last quarter. Private Trust Co. NA grew its stake in Atmos Energy by 26.0% during the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider's stock worth $58,000 after buying an additional 78 shares during the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in Atmos Energy by 4.3% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,968 shares of the utilities provider's stock worth $304,000 after buying an additional 81 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake 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 worth $1,705,000 after buying an additional 81 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Price Performance

ATO stock traded down $2.65 during trading hours on Monday, hitting $165.56. 638,047 shares of the stock traded hands, compared to its average volume of 958,277. The stock has a 50-day simple moving average of $157.65 and a 200 day simple moving average of $154.62. Atmos Energy Corporation has a one year low of $128.12 and a one year high of $168.86. The company has a market cap of $26.58 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.11 and a beta of 0.69. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67.

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

Atmos Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. LADENBURG THALM/SH SH restated a "neutral" rating and set a $163.00 price objective (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. Argus raised Atmos Energy to a "strong-buy" rating in a research note on Wednesday, May 28th. UBS Group reissued a "neutral" rating and issued a $159.00 price target (up previously from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Morgan Stanley set a $156.00 price target on Atmos Energy and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Finally, Mizuho cut Atmos Energy from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $165.00 to $164.00 in a research note on Monday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average 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.