Bfsg LLC Has $1.36 Million Stock Holdings in Atmos Energy Co. (NYSE:ATO)

Bfsg LLC grew its position in Atmos Energy Co. (NYSE:ATO) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,675 shares of the utilities provider’s stock after buying an additional 219 shares during the period. Bfsg LLC’s holdings in Atmos Energy were worth $1,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. raised its position in shares of Atmos Energy by 200.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 288 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new stake in Atmos Energy in the fourth quarter valued at approximately $46,000. VisionPoint Advisory Group LLC boosted its position in shares of Atmos Energy by 68.0% during the fourth quarter. VisionPoint Advisory Group LLC now owns 494 shares of the utilities provider’s stock worth $57,000 after purchasing an additional 200 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Atmos Energy by 67.9% in the 1st quarter. Global Retirement Partners LLC now owns 492 shares of the utilities provider’s stock valued at $58,000 after buying an additional 199 shares during the period. Finally, Janiczek Wealth Management LLC increased its position in shares of Atmos Energy by 467.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 618 shares of the utilities provider’s stock valued at $73,000 after buying an additional 509 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Up 0.2 %

NYSE ATO traded up $0.30 during trading hours on Thursday, hitting $129.39. 503,327 shares of the company traded hands, compared to its average volume of 889,746. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.74 and a beta of 0.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.36. Atmos Energy Co. has a twelve month low of $101.00 and a twelve month high of $132.24. The business’s 50-day moving average is $123.90 and its 200-day moving average is $118.66.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $701.55 million during the quarter, compared to analysts’ expectations of $924.75 million. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. During the same quarter last year, the company posted $0.94 earnings per share. Sell-side analysts anticipate that Atmos Energy Co. will post 6.77 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 26th will be given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Monday, August 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 48.28%.

Wall Street Analysts Forecast Growth

ATO has been the subject of a number of research reports. Barclays increased their target price on Atmos Energy from $121.00 to $129.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. raised their price objective on shares of Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Wells Fargo & Company upped their target price on shares of Atmos Energy from $132.00 to $145.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Morgan Stanley cut their price target on Atmos Energy from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, June 24th. Finally, StockNews.com downgraded Atmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average price target of $133.17.

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 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.