Regent Investment Management LLC Purchases New Shares in Atmos Energy Co. (NYSE:ATO)

Regent Investment Management LLC purchased a new stake in Atmos Energy Co. (NYSE:ATO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the utilities provider’s stock, valued at approximately $498,000.

Other large investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its position in Atmos Energy by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 19,686 shares of the utilities provider’s stock worth $1,960,000 after acquiring an additional 104 shares during the period. Greenleaf Trust lifted its holdings in shares of Atmos Energy by 3.2% during the 1st quarter. Greenleaf Trust now owns 3,759 shares of the utilities provider’s stock valued at $373,000 after buying an additional 116 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Atmos Energy by 2.7% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,586 shares of the utilities provider’s stock valued at $455,000 after buying an additional 119 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Atmos Energy by 5.4% during the 1st quarter. Eqis Capital Management Inc. now owns 2,388 shares of the utilities provider’s stock valued at $281,000 after buying an additional 123 shares during the last quarter. Finally, 6 Meridian raised its stake in shares of Atmos Energy by 2.5% in the 1st quarter. 6 Meridian now owns 5,343 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 84.50% of the company’s stock.

Shares of ATO stock opened at $105.99 on Friday. The stock’s fifty day simple moving average is $100.71 and its 200 day simple moving average is $104.64. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.89 and a quick ratio of 0.82. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 3.12 and a beta of 0.31. Atmos Energy Co. has a one year low of $77.92 and a one year high of $121.08.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.03. The business had revenue of $977.70 million for the quarter, compared to analyst estimates of $1.18 billion. Atmos Energy had a return on equity of 9.35% and a net margin of 20.02%. Atmos Energy’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 EPS. On average, research analysts anticipate that Atmos Energy Co. will post 4.69 earnings per share for the current year.

A number of research analysts recently weighed in on the company. Mizuho cut their price objective on Atmos Energy from $118.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Morgan Stanley dropped their price target on Atmos Energy from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 17th. Wells Fargo & Co dropped their price target on Atmos Energy from $131.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, Seaport Global Securities began coverage on Atmos Energy in a research report on Monday, July 13th. They issued a “buy” rating and a $112.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $114.32.

In related news, Director Frank H. Yoho purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $98.32 per share, with a total value of $98,320.00. 1.41% of the stock is owned by insiders.

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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