Yousif Capital Management LLC Sells 3,731 Shares of Atmos Energy Co. (NYSE:ATO)

Yousif Capital Management LLC decreased its position in Atmos Energy Co. (NYSE:ATO - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,890 shares of the utilities provider's stock after selling 3,731 shares during the period. Yousif Capital Management LLC owned approximately 0.05% of Atmos Energy worth $12,349,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in shares of Atmos Energy in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its stake in Atmos Energy by 72.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock valued at $34,000 after buying an additional 103 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of Atmos Energy during the 4th quarter worth approximately $37,000. South Plains Financial Inc. bought a new position in shares of Atmos Energy during the 4th quarter worth approximately $51,000. Finally, Bank of New Hampshire acquired a new stake in shares of Atmos Energy during the 1st quarter worth approximately $58,000. Institutional investors own 90.17% of the company's stock.

Insider Buying and Selling

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $150.98, for a total value of $2,264,700.00. Following the sale, the director now owns 172,632 shares of the company's stock, valued at $26,063,979.36. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Atmos Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Mizuho lowered Atmos Energy from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $165.00 to $164.00 in a report on Monday, April 28th. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Citigroup lifted their price target on shares of Atmos Energy from $148.00 to $163.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Wolfe Research began coverage on shares of Atmos Energy in a report on Monday, March 31st. They set a "peer perform" rating on the stock. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $156.35.

Atmos Energy Stock Down 1.1%

ATO stock traded down $1.73 during trading on Friday, reaching $152.76. The stock had a trading volume of 646,228 shares, compared to its average volume of 926,490. Atmos Energy Co. has a one year low of $113.46 and a one year high of $167.45. The company has a market capitalization of $24.26 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.94 and a beta of 0.71. The company's 50 day moving average is $156.01 and its two-hundred day moving average is $148.85. The company has a quick ratio of 1.43, a current ratio of 1.56 and a debt-to-equity ratio of 0.66.

Atmos Energy (NYSE:ATO - Get Free Report) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. Atmos Energy had a net margin of 25.90% and a return on equity of 8.89%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $2.85 earnings per share. The company's quarterly revenue was up 18.4% on a year-over-year basis. Equities research analysts forecast that Atmos Energy Co. 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, June 9th. Investors of record on Tuesday, May 27th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.28%. The ex-dividend date was Tuesday, May 27th. Atmos Energy's dividend payout ratio is 48.33%.

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.