MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 75,318 Shares of Atmos Energy Corporation $ATO

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH sold 75,318 shares of Atmos Energy during the second quarter, reducing its stake by 21.5% to 275,000 shares, valued at approximately $42.38 million.
• Atmos Energy reported a quarterly earnings per share (EPS) of $1.16, which missed the consensus estimate by $0.01, alongside revenues of $838.77 million.
• The company recently declared a quarterly dividend of $0.87 per share, representing a 2.1% annualized yield, with a current payout ratio of 47.80%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,000 shares of the utilities provider's stock after selling 75,318 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned 0.17% of Atmos Energy worth $42,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Ballentine Partners LLC increased its position in Atmos Energy by 19.5% in the second quarter. Ballentine Partners LLC now owns 2,400 shares of the utilities provider's stock worth $370,000 after purchasing an additional 391 shares during the last quarter. Norden Group LLC boosted its stake in Atmos Energy by 5.9% during the second quarter. Norden Group LLC now owns 2,526 shares of the utilities provider's stock worth $389,000 after buying an additional 140 shares during the period. Fifth Third Bancorp boosted its stake in Atmos Energy by 7.7% during the second quarter. Fifth Third Bancorp now owns 6,326 shares of the utilities provider's stock worth $975,000 after buying an additional 452 shares during the period. Bfsg LLC boosted its stake in Atmos Energy by 2.5% during the second quarter. Bfsg LLC now owns 11,657 shares of the utilities provider's stock worth $1,796,000 after buying an additional 289 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Atmos Energy during the second quarter valued at $69,000. Institutional investors own 90.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and issued a $163.00 price objective (down from $171.00) on shares of Atmos Energy in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Atmos Energy from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Argus set a $172.00 price target on shares of Atmos Energy in a research report on Thursday, September 18th. UBS Group reaffirmed a "neutral" rating and set a $159.00 price objective (up previously from $146.00) on shares of Atmos Energy in a research note on Wednesday, July 30th. Finally, Barclays decreased their target price on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.27.

Atmos Energy Stock Performance

NYSE ATO opened at $166.68 on Thursday. The stock has a 50-day moving average of $162.74 and a two-hundred day moving average of $157.05. 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 cap of $26.76 billion, a P/E ratio of 22.90, a P/E/G ratio of 3.07 and a beta of 0.75. Atmos Energy Corporation has a 1-year low of $136.05 and a 1-year high of $168.86.

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

Atmos Energy Dividend Announcement

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

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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