452 Shares in Atmos Energy Corporation $ATO Acquired by RMG Wealth Management LLC

RMG Wealth Management LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 452 shares of the utilities provider’s stock, valued at approximately $71,000.

A number of other hedge funds have also recently added to or reduced their stakes in ATO. First Horizon Advisors Inc. increased its holdings in Atmos Energy by 191.2% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider’s stock worth $26,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group increased its holdings in Atmos Energy by 141.2% in the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after buying an additional 137 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Atmos Energy by 50.0% in the second quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $46,000 after buying an additional 100 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Atmos Energy by 379.7% in the first quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider’s stock worth $51,000 after buying an additional 262 shares during the last quarter. Finally, Bank of New Hampshire acquired a new position in Atmos Energy in the first quarter worth approximately $58,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

ATO has been the topic of several analyst reports. Argus set a $172.00 price target on Atmos Energy in a report on Thursday, September 18th. Barclays lowered their price target on Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. UBS Group reiterated a “neutral” rating and set a $159.00 price target (up previously from $146.00) on shares of Atmos Energy in a report on Wednesday, July 30th. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $163.00 price target (down previously from $171.00) on shares of Atmos Energy in a report on Friday, August 8th. Finally, Morgan Stanley increased their price target on Atmos Energy from $162.00 to $167.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.50.

Atmos Energy Trading Up 1.8%

Shares of Atmos Energy stock opened at $173.30 on Tuesday. The company’s fifty day simple moving average is $164.75 and its 200-day simple moving average is $158.28. The company has a market cap of $27.82 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.96 and a beta of 0.74. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a 1 year low of $136.05 and a 1 year high of $173.55.

Atmos Energy (NYSE:ATO) 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). The company had revenue of $838.77 million during the quarter, compared to analyst estimates of $848.97 million. Atmos Energy had a return on equity of 9.00% and a net margin of 25.05%.During the same quarter in the previous year, the business posted $1.08 EPS. As a group, sell-side analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed 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 2.0%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.80%.

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.