Jamison Private Wealth Management Inc. Has $622,000 Stake in Atmos Energy Corporation (NYSE:ATO)

Jamison Private Wealth Management Inc. decreased its position in Atmos Energy Corporation (NYSE:ATO - Free Report) by 68.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,023 shares of the utilities provider's stock after selling 8,752 shares during the period. Jamison Private Wealth Management Inc.'s holdings in Atmos Energy were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATO. Noble Wealth Management PBC acquired a new position in Atmos Energy in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in Atmos Energy by 72.5% in the 4th 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 position in Atmos Energy in the 4th quarter worth approximately $37,000. South Plains Financial Inc. acquired a new position in Atmos Energy in the 4th quarter worth approximately $51,000. Finally, Bank of New Hampshire acquired a new position in Atmos Energy in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Insider Activity at Atmos Energy

In related news, Director Kim R. Cocklin sold 15,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $150.98, for a total value of $2,264,700.00. Following the transaction, the director now directly 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 filing with the SEC, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Atmos Energy Stock Up 0.6%

Atmos Energy stock opened at $153.30 on Friday. The company has a market capitalization of $24.35 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.93 and a beta of 0.71. The firm's fifty day simple moving average is $156.35 and its 200-day simple moving average is $148.95. 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 1-year low of $113.46 and a 1-year high of $167.45.

Atmos Energy (NYSE:ATO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Tuesday, May 27th were paid a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $3.48 dividend on an annualized basis and a yield of 2.27%. Atmos Energy's payout ratio is presently 48.33%.

Wall Street Analysts Forecast Growth

ATO has been the subject of a number of research analyst reports. Argus upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. Morgan Stanley set a $156.00 target price on shares of Atmos Energy and gave the stock an "overweight" rating in a research report on Wednesday. Mizuho downgraded shares of Atmos Energy from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $165.00 to $164.00 in a research report on Monday, April 28th. Wolfe Research initiated coverage on shares of Atmos Energy in a research report on Monday, March 31st. They issued a "peer perform" rating for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Atmos Energy presently has an average rating of "Moderate Buy" and an average price target of $156.05.

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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