Atmos Energy Corporation (NYSE:ATO) Shares Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC raised its position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,433 shares of the utilities provider's stock after buying an additional 1,698 shares during the quarter. Diversify Advisory Services LLC's holdings in Atmos Energy were worth $1,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Atmos Energy by 191.2% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 109 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Atmos Energy by 72.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock worth $34,000 after buying an additional 103 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Atmos Energy during the fourth quarter valued at $37,000. South Plains Financial Inc. acquired a new stake in Atmos Energy during the fourth quarter valued at $51,000. Finally, Golden State Wealth Management LLC raised its holdings in Atmos Energy by 379.7% during the first 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 in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Atmos Energy from $164.00 to $166.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. LADENBURG THALM/SH SH upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Atmos Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Argus upgraded shares of Atmos Energy to a "strong-buy" rating in a research note on Wednesday, May 28th. Finally, Morgan Stanley set a $156.00 price objective on shares of Atmos Energy and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.95.

Insider Transactions at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of Atmos Energy stock in a transaction on 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 sale, the director owned 172,632 shares of the company's stock, valued at $26,063,979.36. The trade was a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Atmos Energy Stock Up 0.5%

NYSE:ATO traded up $0.78 during mid-day trading on Tuesday, hitting $159.00. 479,665 shares of the company's stock were exchanged, compared to its average volume of 907,784. Atmos Energy Corporation has a one year low of $122.87 and a one year high of $167.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 1.25. The business has a fifty day moving average price of $154.27 and a 200 day moving average price of $151.15. The company has a market cap of $25.26 billion, a PE ratio of 22.08, a P/E/G ratio of 3.03 and a beta of 0.70.

Atmos Energy (NYSE:ATO - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.82 billion. Atmos Energy had a net margin of 25.35% and a return on equity of 9.05%. The firm's quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. Equities analysts predict that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Tuesday, May 27th. Atmos Energy's dividend payout ratio (DPR) is 48.33%.

About Atmos Energy

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.