NBC Securities Inc. Sells 4,498 Shares of Atmos Energy Corporation $ATO

Key Points

• NBC Securities Inc. reduced its stake in Atmos Energy by 18.0%, selling 4,498 shares and leaving it with 20,546 shares worth approximately $3.17 million.
• The company reported an EPS of $1.16 for the last quarter, which was slightly below the forecast of $1.17, with revenue at $838.77 million.
• Atmos Energy declared a quarterly dividend of $0.87, reflecting an annualized rate of $3.48, which yields about 2.1% based on the current share price.

NBC Securities Inc. lessened its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 18.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,546 shares of the utilities provider's stock after selling 4,498 shares during the quarter. NBC Securities Inc.'s holdings in Atmos Energy were worth $3,166,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its stake 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 worth $26,000 after acquiring an additional 109 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of 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 acquiring an additional 137 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 262 shares in the last quarter. Bank of New Hampshire bought a new stake in shares of Atmos Energy during the 1st quarter worth about $58,000. Finally, Private Trust Co. NA boosted its stake in shares of 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 acquiring an additional 78 shares in the last quarter. Institutional investors own 90.17% of the company's stock.

Atmos Energy Trading Up 0.0%

Atmos Energy stock opened at $166.45 on Monday. The business has a 50 day moving average price of $161.08 and a two-hundred day moving average price of $156.35. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. The stock has a market cap of $26.72 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 3.08 and a beta of 0.75. Atmos Energy Corporation has a 12 month low of $133.90 and a 12 month high of $168.86.

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 the consensus estimate of $1.17 by ($0.01). The firm had revenue of $838.77 million during the quarter, compared to analyst estimates of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same period last year, the company earned $1.08 EPS. As a group, equities analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. LADENBURG THALM/SH SH reissued a "neutral" rating and set a $163.00 price objective (down previously from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Barclays cut their price objective on Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Argus raised Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Atmos Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.27.

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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