Leo Wealth LLC Buys New Position in Atmos Energy Corporation $ATO

Key Points

• Leo Wealth LLC has acquired a new stake in Atmos Energy Corporation, purchasing 1,420 shares valued at approximately $219,000 during the 2nd quarter.
• Atmos Energy recently reported earnings per share (EPS) of $1.16, slightly missing analysts' expectations of $1.17, with revenues amounting to $838.77 million for the quarter.
• The company declared a quarterly dividend of $0.87, resulting in an annualized yield of 2.0%, and a payout ratio of 47.80%.

Leo Wealth LLC bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,420 shares of the utilities provider's stock, valued at approximately $219,000.

Several other hedge funds have also modified their holdings of the stock. Sowell Financial Services LLC purchased a new stake in Atmos Energy during the 1st quarter worth approximately $273,000. Sequoia Financial Advisors LLC grew its position in shares of Atmos Energy by 28.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,158 shares of the utilities provider's stock worth $334,000 after acquiring an additional 482 shares in the last quarter. Truist Financial Corp grew its position in shares of Atmos Energy by 2.9% in the 2nd quarter. Truist Financial Corp now owns 34,705 shares of the utilities provider's stock worth $5,348,000 after acquiring an additional 981 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Atmos Energy by 4.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,861 shares of the utilities provider's stock worth $4,616,000 after acquiring an additional 1,157 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Atmos Energy by 26.0% in the 1st quarter. Private Trust Co. NA now owns 378 shares of the utilities provider's stock worth $58,000 after acquiring an additional 78 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Stock Up 0.9%

Shares of Atmos Energy stock opened at $176.45 on Friday. The business's fifty day moving average price is $166.31 and its two-hundred day moving average price is $158.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.37 and a quick ratio of 1.25. The company has a market capitalization of $28.32 billion, a P/E ratio of 24.24, a PEG ratio of 3.03 and a beta of 0.74. Atmos Energy Corporation has a 1-year low of $136.05 and a 1-year high of $177.83.

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

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a $0.87 dividend. The ex-dividend date was Monday, August 25th. This represents a $3.48 dividend on an annualized basis and a yield of 2.0%. Atmos Energy's payout ratio is 47.80%.

Analyst Ratings Changes

Several research analysts have recently commented on ATO shares. Morgan Stanley lifted their target price on Atmos Energy from $162.00 to $167.00 and gave the stock an "overweight" rating in a research report on Thursday, September 25th. Barclays set a $175.00 target price on Atmos Energy in a research report on Thursday. LADENBURG THALM/SH SH reiterated a "neutral" rating and issued a $163.00 target price (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Mizuho lifted their target price on Atmos Energy from $164.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, September 26th. Finally, Wall Street Zen upgraded Atmos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Atmos Energy presently has an average rating of "Moderate Buy" and a consensus target price of $164.70.

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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