Thurston Springer Miller Herd & Titak Inc. Has $2.29 Million Stock Holdings in Atmos Energy Corporation $ATO

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Atmos Energy Corporation by 20.0%, bringing its total investment in the company to $2.29 million.
• Atmos Energy recently reported quarterly earnings of $1.16 EPS, slightly below analysts' expectations, alongside revenue of $838.77 million.
• The company declared a quarterly dividend of $0.87, with an annualized dividend yield of 2.1%, and a payout ratio of 47.80%.

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,874 shares of the utilities provider's stock after buying an additional 2,478 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Atmos Energy were worth $2,292,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ATO. Vanguard Group Inc. boosted its position in Atmos Energy by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 20,791,335 shares of the utilities provider's stock worth $3,213,925,000 after buying an additional 424,235 shares during the period. Nuveen LLC acquired a new stake in Atmos Energy during the 1st quarter worth approximately $65,333,000. Clark Capital Management Group Inc. boosted its position in Atmos Energy by 2,713.2% during the 1st quarter. Clark Capital Management Group Inc. now owns 305,769 shares of the utilities provider's stock worth $47,266,000 after buying an additional 294,900 shares during the period. GAMMA Investing LLC boosted its position in Atmos Energy by 21,802.9% during the 1st quarter. GAMMA Investing LLC now owns 282,109 shares of the utilities provider's stock worth $43,608,000 after buying an additional 280,821 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Atmos Energy by 24.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,317,500 shares of the utilities provider's stock worth $203,659,000 after buying an additional 257,341 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

NYSE:ATO opened at $166.45 on Friday. The company has a fifty day moving average of $161.08 and a 200-day moving average of $156.30. The firm has a market capitalization of $26.72 billion, a P/E ratio of 22.86, a P/E/G ratio of 3.07 and a beta of 0.75. 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 Corporation has a twelve month low of $133.90 and a twelve month high of $168.86.

Atmos Energy (NYSE:ATO - Get Free Report) last announced 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). The business had revenue of $838.77 million for the quarter, compared to the consensus estimate of $848.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same quarter last year, the firm posted $1.08 EPS. As a group, sell-side analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 2.1%. Atmos Energy's dividend payout ratio is presently 47.80%.

Analysts Set New Price Targets

Several research firms recently commented on ATO. UBS Group reiterated a "neutral" rating and set a $159.00 target price (up from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Atmos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, August 17th. Morgan Stanley restated an "overweight" rating on shares of Atmos Energy in a research report on Thursday, August 21st. Argus upgraded shares of Atmos Energy to a "strong-buy" rating in a research report on Wednesday, May 28th. Finally, Barclays dropped their price target on shares of 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 equities 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.27.

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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