PAX Financial Group LLC Has $437,000 Position in Atmos Energy Co. (NYSE:ATO)

PAX Financial Group LLC raised its stake in shares of Atmos Energy Co. (NYSE:ATO) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,140 shares of the utilities provider’s stock after acquiring an additional 204 shares during the quarter. PAX Financial Group LLC’s holdings in Atmos Energy were worth $437,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ATO. Noble Wealth Management PBC acquired a new position in Atmos Energy in the fourth quarter valued at about $28,000. Dunhill Financial LLC boosted its holdings in shares of Atmos Energy by 1,542.9% in the 3rd quarter. Dunhill Financial LLC now owns 230 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 216 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Atmos Energy by 72.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 103 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Atmos Energy by 50.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 100 shares in the last quarter. Finally, Keystone Financial Group Inc. bought a new position in Atmos Energy in the 4th quarter valued at $79,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

Atmos Energy stock opened at $147.64 on Friday. The firm has a market capitalization of $23.43 billion, a P/E ratio of 21.03, a PEG ratio of 2.94 and a beta of 0.67. The business has a 50-day moving average of $148.22 and a 200-day moving average of $143.79. The company has a current ratio of 1.56, a quick ratio of 1.43 and a debt-to-equity ratio of 0.66. Atmos Energy Co. has a 1 year low of $110.97 and a 1 year high of $157.62.

Atmos Energy (NYSE:ATO) last issued its earnings results 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 net margin of 25.90% and a return on equity of 8.89%. On average, equities analysts anticipate that Atmos Energy Co. will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 25th were issued a $0.87 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. Atmos Energy’s dividend payout ratio (DPR) is currently 49.57%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ATO shares. Bank of America began coverage on Atmos Energy in a research note on Friday, December 13th. They issued a “buy” rating and a $156.00 target price for the company. StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. LADENBURG THALM/SH SH raised shares of Atmos Energy to a “strong-buy” rating in a research note on Monday, March 17th. Morgan Stanley boosted their price objective on shares of Atmos Energy from $142.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, Argus upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $149.15.

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.