180 Wealth Advisors LLC Acquires New Holdings in Atmos Energy Co. (NYSE:ATO)

180 Wealth Advisors LLC acquired a new stake in Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,211 shares of the utilities provider’s stock, valued at approximately $934,000.

Several other hedge funds also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Atmos Energy by 153.1% in the 2nd quarter. Invesco Ltd. now owns 2,132,008 shares of the utilities provider’s stock valued at $225,055,000 after buying an additional 1,289,585 shares during the last quarter. Atria Investments LLC acquired a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $1,734,000. Nuveen Asset Management LLC grew its holdings in shares of Atmos Energy by 950.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 765,991 shares of the utilities provider’s stock worth $80,858,000 after purchasing an additional 693,076 shares in the last quarter. Luminus Management LLC grew its holdings in shares of Atmos Energy by 293.1% during the 2nd quarter. Luminus Management LLC now owns 893,511 shares of the utilities provider’s stock worth $94,319,000 after purchasing an additional 666,193 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Atmos Energy by 1,515.1% during the 3rd quarter. Millennium Management LLC now owns 340,306 shares of the utilities provider’s stock worth $38,757,000 after purchasing an additional 319,236 shares in the last quarter. 81.04% of the stock is currently owned by institutional investors and hedge funds.

ATO stock traded down $0.57 during trading on Friday, hitting $114.14. The company had a trading volume of 5,232 shares, compared to its average volume of 722,455. The company has a fifty day moving average price of $109.58 and a two-hundred day moving average price of $109.64. The company has a current ratio of 0.38, a quick ratio of 0.27 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.97 billion, a P/E ratio of 26.27, a P/E/G ratio of 3.38 and a beta of 0.15. Atmos Energy Co. has a fifty-two week low of $93.86 and a fifty-two week high of $115.19.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business had revenue of $443.68 million for the quarter, compared to analyst estimates of $582.98 million. Atmos Energy had a return on equity of 9.19% and a net margin of 17.62%. Atmos Energy’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts expect that Atmos Energy Co. will post 4.66 earnings per share for the current year.

In other Atmos Energy news, SVP David J. Park sold 4,000 shares of Atmos Energy stock in a transaction on Monday, November 11th. The stock was sold at an average price of $106.92, for a total value of $427,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.41% of the company’s stock.

Several brokerages have recently weighed in on ATO. Argus lifted their price objective on Atmos Energy to $125.00 and gave the stock a “positive” rating in a report on Tuesday, October 1st. UBS Group raised Atmos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $119.00 to $120.00 in a report on Wednesday, December 4th. Morgan Stanley decreased their price objective on Atmos Energy from $117.00 to $113.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price objective on Atmos Energy from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Goldman Sachs Group began coverage on Atmos Energy in a report on Thursday, September 19th. They set a “buy” rating and a $121.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $117.10.

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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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

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