Folger Nolan Fleming Douglas Capital Management Inc. Grows Holdings in Atmos Energy Co. (ATO)

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Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of Atmos Energy Co. (NYSE:ATO) by 1.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 16,935 shares of the utilities provider’s stock after buying an additional 215 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Atmos Energy were worth $1,743,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ATO. Valeo Financial Advisors LLC grew its position 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 valued at $27,000 after buying an additional 250 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after buying an additional 146 shares during the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of Atmos Energy in the 1st quarter valued at $31,000. Phocas Financial Corp. purchased a new position in shares of Atmos Energy in the 4th quarter valued at $35,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Atmos Energy in the 4th quarter valued at $37,000. Institutional investors own 79.24% of the company’s stock.

Atmos Energy stock traded up $0.67 during midday trading on Friday, hitting $102.32. 6,159 shares of the company’s stock were exchanged, compared to its average volume of 667,709. Atmos Energy Co. has a 12-month low of $84.35 and a 12-month high of $104.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.78. The company has a market capitalization of $11.79 billion, a P/E ratio of 25.54, a PEG ratio of 3.59 and a beta of 0.25.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.14. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $1.57 EPS. Atmos Energy’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, equities analysts expect that Atmos Energy Co. will post 4.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, May 24th. Atmos Energy’s payout ratio is currently 52.50%.

Separately, Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $102.00.

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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 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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