Raymond James Financial Services Advisors Inc. Has $7.85 Million Holdings in Atmos Energy Co. (NYSE:ATO)

Posted by on May 17th, 2023

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Atmos Energy Co. (NYSE:ATO – Get Rating) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,030 shares of the utilities provider’s stock after buying an additional 122 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Atmos Energy were worth $7,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Atmos Energy by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,030,858 shares of the utilities provider’s stock worth $1,836,444,000 after buying an additional 422,653 shares during the period. State Street Corp increased its holdings in shares of Atmos Energy by 5.1% in the 1st quarter. State Street Corp now owns 10,772,352 shares of the utilities provider’s stock valued at $1,287,188,000 after purchasing an additional 527,261 shares during the period. Invesco Ltd. increased its holdings in shares of Atmos Energy by 24.0% in the 1st quarter. Invesco Ltd. now owns 2,756,708 shares of the utilities provider’s stock valued at $329,399,000 after purchasing an additional 533,372 shares during the period. ProShare Advisors LLC increased its holdings in shares of Atmos Energy by 14.5% in the 4th quarter. ProShare Advisors LLC now owns 1,632,370 shares of the utilities provider’s stock valued at $182,940,000 after purchasing an additional 206,519 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Atmos Energy by 11.7% in the 1st quarter. Northern Trust Corp now owns 1,539,067 shares of the utilities provider’s stock valued at $183,903,000 after purchasing an additional 161,281 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.

Atmos Energy Stock Down 1.4 %

Shares of Atmos Energy stock opened at $115.99 on Wednesday. The stock has a market capitalization of $16.76 billion, a P/E ratio of 19.93, a PEG ratio of 2.61 and a beta of 0.62. The company has a quick ratio of 0.80, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $113.93 and a two-hundred day moving average price of $114.16. Atmos Energy Co. has a 12-month low of $97.71 and a 12-month high of $121.92.

Atmos Energy (NYSE:ATO – Get Rating) last announced its earnings results on Thursday, May 4th. The utilities provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.01. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Atmos Energy had a return on equity of 8.57% and a net margin of 18.18%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 earnings per share. Equities analysts expect that Atmos Energy Co. will post 6.01 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.74 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $2.96 dividend on an annualized basis and a yield of 2.55%. Atmos Energy’s payout ratio is currently 50.86%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Mizuho upped their target price on Atmos Energy from $128.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Citigroup upped their target price on Atmos Energy from $107.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, February 14th. Finally, Morgan Stanley boosted their price target on Atmos Energy from $117.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.71.

Insider Activity

In other news, Director Kim R. Cocklin sold 12,500 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $114.54, for a total value of $1,431,750.00. Following the completion of the sale, the director now directly owns 217,668 shares of the company’s stock, valued at $24,931,692.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kim R. Cocklin sold 12,500 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $114.54, for a total value of $1,431,750.00. Following the completion of the sale, the director now directly owns 217,668 shares of the company’s stock, valued at $24,931,692.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diana J. Walters sold 390 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $117.50, for a total value of $45,825.00. Following the completion of the transaction, the director now owns 2,584 shares of the company’s stock, valued at $303,620. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Atmos Energy Company Profile

(Get Rating)

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.

Featured Stories

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.