Sagespring Wealth Partners LLC Purchases New Position in Atmos Energy Corporation $ATO

Key Points

• Sagespring Wealth Partners LLC has acquired a new position in Atmos Energy Corporation, purchasing 2,032 shares valued at approximately $313,000 in the second quarter.
• Atmos Energy Corporation reported a $1.16 EPS for its latest quarter, slightly below analysts' expectations, with a revenue of $838.77 million, which also fell short of projections.
• The company announced a $0.87 quarterly dividend, reflecting a 2.0% yield, with a payout ratio currently at 47.80%.

Sagespring Wealth Partners LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,032 shares of the utilities provider's stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moran Wealth Management LLC boosted its position in shares of Atmos Energy by 2.5% during the second quarter. Moran Wealth Management LLC now owns 21,785 shares of the utilities provider's stock valued at $3,357,000 after buying an additional 533 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Atmos Energy by 346.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,630 shares of the utilities provider's stock worth $1,484,000 after acquiring an additional 7,472 shares during the last quarter. Almanack Investment Partners LLC. boosted its holdings in Atmos Energy by 22.4% during the 2nd quarter. Almanack Investment Partners LLC. now owns 1,880 shares of the utilities provider's stock worth $290,000 after acquiring an additional 344 shares during the last quarter. LRI Investments LLC grew its stake in shares of Atmos Energy by 6.6% in the 2nd quarter. LRI Investments LLC now owns 1,181 shares of the utilities provider's stock worth $182,000 after acquiring an additional 73 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Atmos Energy by 9.1% in the second quarter. CWM LLC now owns 10,487 shares of the utilities provider's stock valued at $1,616,000 after purchasing an additional 877 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Stock Down 0.0%

ATO opened at $176.34 on Friday. Atmos Energy Corporation has a twelve month low of $136.05 and a twelve month high of $179.70. The company's 50-day moving average price is $168.01 and its two-hundred day moving average price is $159.73. The stock has a market cap of $28.31 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 3.05 and a beta of 0.74. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67.

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 last year, the firm posted $1.08 EPS. As a group, equities analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

ATO has been the topic of several analyst reports. Barclays set a $175.00 price target on shares of Atmos Energy in a report on Thursday, October 9th. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Atmos Energy in a research report on Wednesday, October 8th. Bank of America reissued a "neutral" rating and issued a $185.00 price objective (up previously from $182.00) on shares of Atmos Energy in a research report on Thursday. Finally, Morgan Stanley upped their price objective on Atmos Energy from $162.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Atmos Energy currently has a consensus rating of "Hold" and an average target price of $168.89.

About Atmos Energy

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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