RD Lewis Holdings Inc. Takes $1.64 Million Position in Atmos Energy Co. (NYSE:ATO)

RD Lewis Holdings Inc. purchased a new position in shares of Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,527 shares of the utilities provider’s stock, valued at approximately $1,643,000. Atmos Energy accounts for approximately 1.9% of RD Lewis Holdings Inc.’s portfolio, making the stock its 21st biggest holding.

A number of other hedge funds have also bought and sold shares of the business. CWA Asset Management Group LLC lifted its holdings in Atmos Energy by 3.5% during the 4th quarter. CWA Asset Management Group LLC now owns 2,217 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 75 shares in the last quarter. Albert D Mason Inc. lifted its holdings in Atmos Energy by 0.8% during the 4th quarter. Albert D Mason Inc. now owns 9,865 shares of the utilities provider’s stock worth $1,374,000 after purchasing an additional 77 shares in the last quarter. Trust Point Inc. lifted its holdings in Atmos Energy by 3.2% during the 4th quarter. Trust Point Inc. now owns 2,567 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 80 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Atmos Energy by 3.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,307 shares of the utilities provider’s stock worth $320,000 after purchasing an additional 82 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in Atmos Energy by 3.0% during the 4th quarter. Pinnacle Financial Partners Inc now owns 2,921 shares of the utilities provider’s stock worth $407,000 after purchasing an additional 84 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Price Performance

Shares of Atmos Energy stock opened at $151.54 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $24.05 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. The business’s 50-day moving average price is $145.33 and its 200-day moving average price is $142.17. Atmos Energy Co. has a 12 month low of $110.97 and a 12 month high of $154.55.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 EPS for the quarter, beating the consensus estimate of $2.20 by $0.03. Atmos Energy had a return on equity of 8.89% and a net margin of 25.90%. Sell-side analysts forecast that Atmos Energy Co. will post 7.18 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.87 per share. The ex-dividend date was Tuesday, February 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.30%. Atmos Energy’s dividend payout ratio (DPR) is presently 49.57%.

Analyst Upgrades and Downgrades

ATO has been the topic of a number of recent research reports. Morgan Stanley dropped their price objective on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. StockNews.com cut Atmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Mizuho upped their target price on Atmos Energy from $148.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Bank of America started coverage on Atmos Energy in a research note on Friday, December 13th. They issued a “buy” rating and a $156.00 target price on the stock. Finally, Argus upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.75.

About Atmos Energy

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.