Raymond James Trust N.A. Increases Stock Position in Atmos Energy Co. (NYSE:ATO)

Posted by on Apr 26th, 2023

Raymond James Trust N.A. grew its stake in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,737 shares of the utilities provider’s stock after buying an additional 303 shares during the period. Raymond James Trust N.A.’s holdings in Atmos Energy were worth $307,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ATO. Creative Financial Designs Inc. ADV grew its stake in shares of Atmos Energy by 52.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 322 shares of the utilities provider’s stock valued at $33,000 after buying an additional 111 shares during the period. WFA of San Diego LLC purchased a new stake in Atmos Energy during the 4th quarter worth $34,000. Ronald Blue Trust Inc. boosted its position in Atmos Energy by 488.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 347 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 288 shares during the period. Phocas Financial Corp. purchased a new stake in Atmos Energy during the 4th quarter worth $43,000. Finally, MADDEN SECURITIES Corp purchased a new stake in Atmos Energy during the 4th quarter worth $46,000. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Atmos Energy news, Director Kim R. Cocklin sold 12,500 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $117.14, for a total value of $1,464,250.00. Following the transaction, the director now owns 228,846 shares of the company’s stock, valued at $26,807,020.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ATO has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of Atmos Energy from $117.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. StockNews.com began coverage on shares of Atmos Energy in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Citigroup boosted their price objective on shares of Atmos Energy from $107.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Atmos Energy from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Finally, Mizuho boosted their price objective on shares of Atmos Energy from $128.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $123.25.

Atmos Energy Stock Performance

Shares of Atmos Energy stock opened at $116.27 on Wednesday. The firm has a market cap of $16.65 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The firm’s 50-day simple moving average is $113.38 and its 200-day simple moving average is $112.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.94 and a current ratio of 1.03. Atmos Energy Co. has a 1 year low of $97.71 and a 1 year high of $121.92.

Atmos Energy (NYSE:ATO – Get Rating) last issued its earnings results on Wednesday, February 8th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.02). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.14 billion. Atmos Energy had a net margin of 17.06% and a return on equity of 8.50%. The business’s revenue for the quarter was up 46.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.86 EPS. Equities analysts forecast that Atmos Energy Co. will post 6 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 6th. Shareholders of record on Friday, February 10th were issued a $0.74 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $2.96 dividend on an annualized basis and a yield of 2.55%. Atmos Energy’s dividend payout ratio is currently 51.84%.

Atmos Energy Profile

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Atmos Energy Corp. engages in the provision of natural gas services. It operates under the Distribution, and Pipeline and Storage business segments. The Distribution segment is involved in regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations.

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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