Mainstay Capital Management LLC ADV Has $1.07 Million Stock Position in Atmos Energy Corporation $ATO

Key Points

• Mainstay Capital Management LLC ADV doubled its position in Atmos Energy Corporation (NYSE: ATO) during the second quarter, owning 6,914 shares worth approximately $1.07 million after acquiring an additional 3,457 shares.
• Atmos Energy reported Q2 earnings that missed analyst expectations, with an EPS of $1.16, just shy of the $1.17 estimate, and revenue of $838.77 million compared to a consensus estimate of $848.97 million.
• The company declared a quarterly dividend of $0.87, translating to an annualized dividend of $3.48, representing a 2.0% dividend yield based on its current payouts.

Mainstay Capital Management LLC ADV increased its position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 100.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,914 shares of the utilities provider's stock after buying an additional 3,457 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Atmos Energy were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Atmos Energy by 191.2% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock worth $26,000 after buying an additional 109 shares during the period. Brooklyn Investment Group raised its stake in Atmos Energy by 141.2% during the 1st quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider's stock worth $36,000 after buying an additional 137 shares during the period. ST Germain D J Co. Inc. raised its stake in Atmos Energy by 50.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider's stock worth $46,000 after buying an additional 100 shares during the period. Golden State Wealth Management LLC raised its stake in Atmos Energy by 379.7% during the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider's stock worth $51,000 after buying an additional 262 shares during the period. Finally, Private Trust Co. NA raised 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 period. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Price Performance

Atmos Energy stock opened at $175.83 on Thursday. Atmos Energy Corporation has a one year low of $136.05 and a one year high of $176.11. The business has a fifty day moving average price of $165.52 and a 200-day moving average price of $158.51. 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 firm has a market capitalization of $28.22 billion, a P/E ratio of 24.15, a PEG ratio of 3.04 and a beta of 0.74.

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

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, August 25th. Atmos Energy's dividend payout ratio (DPR) is presently 47.80%.

Analyst Ratings Changes

Several analysts have recently commented on ATO shares. Weiss Ratings reissued a "buy (b+)" rating on shares of Atmos Energy in a research note on Wednesday. Mizuho increased their price objective on Atmos Energy from $164.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, September 26th. Barclays lowered their price objective on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Argus set a $172.00 price objective on Atmos Energy in a research note on Thursday, September 18th. Finally, Morgan Stanley increased their price objective on Atmos Energy from $162.00 to $167.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $162.50.

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.

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