Noble Wealth Management PBC Invests $28,000 in Atmos Energy Co. (NYSE:ATO)

Noble Wealth Management PBC acquired a new position in shares of Atmos Energy Co. (NYSE:ATO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 200 shares of the utilities provider’s stock, valued at approximately $28,000.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC boosted its stake in Atmos Energy by 1,542.9% during the third 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. ST Germain D J Co. Inc. boosted its stake in Atmos Energy by 50.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 100 shares in the last quarter. PFS Partners LLC bought a new position in Atmos Energy during the third quarter worth $69,000. Keystone Financial Group Inc. bought a new position in Atmos Energy during the fourth quarter worth $79,000. Finally, Parkside Financial Bank & Trust boosted its stake in Atmos Energy by 23.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 598 shares of the utilities provider’s stock worth $83,000 after acquiring an additional 112 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Argus raised shares of 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. Morgan Stanley cut their target price on shares of Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Bank of America started coverage on shares of Atmos Energy in a research note on Friday, December 13th. They issued a “buy” rating and a $156.00 price objective on the stock. StockNews.com lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Finally, Mizuho raised their price objective on shares of Atmos Energy from $148.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.75.

Atmos Energy Stock Performance

NYSE ATO opened at $152.30 on Monday. Atmos Energy Co. has a 52-week low of $110.97 and a 52-week high of $152.65. The company has a 50-day simple moving average of $143.10 and a 200 day simple moving average of $140.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.43 and a current ratio of 1.56. The company has a market capitalization of $24.17 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.94 and a beta of 0.72.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Tuesday, February 4th. The utilities provider reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Atmos Energy Co. will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a $0.87 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.28%. Atmos Energy’s payout ratio is 49.57%.

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.