Dakota Wealth Management Grows Position in Atmos Energy Corporation $ATO

Key Points

• Dakota Wealth Management increased its stake in Atmos Energy by 43.5% during the second quarter, now holding 5,284 shares valued at approximately $814,000.
• Atmos Energy's recent quarterly earnings report showed earnings of $1.16 per share, falling short of estimates, with revenue at $838.77 million against expected figures.
• The company announced a quarterly dividend of $0.87 per share, translating to an annual yield of 2.1% and a payout ratio of 47.80%.

Dakota Wealth Management grew its holdings in Atmos Energy Corporation (NYSE:ATO - Free Report) by 43.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,284 shares of the utilities provider's stock after acquiring an additional 1,602 shares during the period. Dakota Wealth Management's holdings in Atmos Energy were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in ATO. Vanguard Group Inc. lifted its position in shares of Atmos Energy by 2.1% in the first quarter. Vanguard Group Inc. now owns 20,791,335 shares of the utilities provider's stock valued at $3,213,925,000 after acquiring an additional 424,235 shares in the last quarter. Nuveen LLC purchased a new position in shares of Atmos Energy in the first quarter valued at about $65,333,000. Clark Capital Management Group Inc. lifted its position in shares of Atmos Energy by 2,713.2% in the first quarter. Clark Capital Management Group Inc. now owns 305,769 shares of the utilities provider's stock valued at $47,266,000 after acquiring an additional 294,900 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Atmos Energy by 21,802.9% in the first quarter. GAMMA Investing LLC now owns 282,109 shares of the utilities provider's stock valued at $43,608,000 after acquiring an additional 280,821 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Atmos Energy by 24.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,317,500 shares of the utilities provider's stock valued at $203,659,000 after acquiring an additional 257,341 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Trading Up 1.2%

Shares of NYSE ATO opened at $168.49 on Friday. The business's 50 day moving average is $163.20 and its two-hundred day moving average is $157.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.37 and a quick ratio of 1.25. Atmos Energy Corporation has a 1-year low of $136.05 and a 1-year high of $169.96. The stock has a market capitalization of $27.05 billion, a P/E ratio of 23.14, a PEG ratio of 3.12 and a beta of 0.75.

Atmos Energy (NYSE:ATO - Get Free Report) last issued 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 company had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. During the same period in the previous year, the firm earned $1.08 earnings per share. As a group, research analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 25th. Atmos Energy's payout ratio is presently 47.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Atmos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Morgan Stanley lifted their target price on Atmos Energy from $162.00 to $167.00 and gave the stock an "overweight" rating in a report on Thursday. Barclays reduced their target price on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and issued a $163.00 target price (down from $171.00) on shares of Atmos Energy in a report on Friday, August 8th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $159.00 target price (up from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $161.82.

Atmos Energy Company 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.

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