Fulton Breakefield Broenniman LLC Has $446,000 Stock Holdings in Atmos Energy Co. (NYSE:ATO)

Fulton Breakefield Broenniman LLC lowered its position in shares of Atmos Energy Co. (NYSE:ATO) by 22.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,218 shares of the utilities provider’s stock after selling 955 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Atmos Energy were worth $446,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. grew its holdings in shares of Atmos Energy by 200.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 288 shares of the utilities provider’s stock valued at $34,000 after buying an additional 192 shares during the period. Innealta Capital LLC bought a new stake in shares of Atmos Energy in the second quarter worth about $37,000. Janiczek Wealth Management LLC lifted its holdings in shares of Atmos Energy by 467.0% during the 1st quarter. Janiczek Wealth Management LLC now owns 618 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 509 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Atmos Energy by 75.6% in the 2nd quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 335 shares during the period. Finally, Covestor Ltd grew its position in shares of Atmos Energy by 248.5% in the 1st quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 574 shares during the period. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Atmos Energy from $134.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Wells Fargo & Company boosted their price objective on shares of Atmos Energy from $145.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday. LADENBURG THALM/SH SH increased their target price on Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group started coverage on Atmos Energy in a report on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 price target on the stock. Finally, Barclays lifted their target price on Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Atmos Energy has an average rating of “Moderate Buy” and a consensus price target of $143.94.

Atmos Energy Stock Up 1.4 %

NYSE:ATO opened at $143.96 on Thursday. Atmos Energy Co. has a twelve month low of $105.44 and a twelve month high of $144.18. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.68. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $134.28 and its two-hundred day moving average price is $123.88.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. Atmos Energy had a net margin of 25.09% and a return on equity of 8.94%. The firm had revenue of $701.55 million for the quarter, compared to analyst estimates of $924.75 million. During the same period in the prior year, the firm posted $0.94 earnings per share. Equities research analysts expect that Atmos Energy Co. will post 6.79 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, August 26th. Atmos Energy’s payout ratio is currently 48.28%.

Atmos Energy 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.