American Investment Services Inc. Invests $573,000 in Atmos Energy Co. (ATO)

American Investment Services Inc. acquired a new position in Atmos Energy Co. (NYSE:ATO) in the 1st quarter, HoldingsChannel reports. The firm acquired 5,568 shares of the utilities provider’s stock, valued at approximately $573,000.

Other large investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its stake in shares of Atmos Energy by 1,666.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 250 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after buying an additional 146 shares in the last quarter. Lenox Wealth Management Inc. purchased a new stake in Atmos Energy in the 1st quarter worth $31,000. Phocas Financial Corp. purchased a new stake in Atmos Energy in the 4th quarter worth $35,000. Finally, Clarus Wealth Advisors purchased a new stake in Atmos Energy in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 79.47% of the company’s stock.

Shares of ATO stock opened at $101.92 on Monday. Atmos Energy Co. has a 52-week low of $84.35 and a 52-week high of $104.07. The company has a quick ratio of 0.53, a current ratio of 0.78 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.92 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.25.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.14. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $1.57 EPS. Atmos Energy’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts expect that Atmos Energy Co. will post 4.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a $0.525 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.10 dividend on an annualized basis and a yield of 2.06%. Atmos Energy’s payout ratio is presently 52.50%.

Separately, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Atmos Energy has a consensus rating of “Hold” and a consensus target price of $102.00.

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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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