OneDigital Investment Advisors LLC Has $320,000 Stake in Atmos Energy Co. (NYSE:ATO)

OneDigital Investment Advisors LLC increased its position in shares of Atmos Energy Co. (NYSE:ATO) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,307 shares of the utilities provider’s stock after acquiring an additional 82 shares during the period. OneDigital Investment Advisors LLC’s holdings in Atmos Energy were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ATO. Miller Howard Investments Inc. NY grew its holdings in shares of Atmos Energy by 0.3% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 30,179 shares of the utilities provider’s stock worth $3,520,000 after purchasing an additional 82 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Atmos Energy by 1.4% during the 3rd quarter. Global Retirement Partners LLC now owns 5,973 shares of the utilities provider’s stock worth $829,000 after buying an additional 85 shares during the period. Wedbush Securities Inc. grew its position in shares of Atmos Energy by 3.9% during the 2nd quarter. Wedbush Securities Inc. now owns 2,328 shares of the utilities provider’s stock worth $272,000 after buying an additional 88 shares during the period. EP Wealth Advisors LLC raised its position in shares of Atmos Energy by 5.4% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,880 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 97 shares during the period. Finally, Legacy Financial Strategies LLC boosted its stake in Atmos Energy by 0.4% during the 3rd quarter. Legacy Financial Strategies LLC now owns 23,819 shares of the utilities provider’s stock worth $3,304,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity

In other news, Director Edward Geiser acquired 2,500 shares of Atmos Energy stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $144.89 per share, with a total value of $362,225.00. Following the purchase, the director now owns 2,602 shares in the company, valued at $377,003.78. This trade represents a 2,450.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

Atmos Energy Stock Up 2.0 %

Shares of ATO opened at $150.14 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 1.57. Atmos Energy Co. has a one year low of $110.46 and a one year high of $150.38. The company has a market cap of $23.33 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.94 and a beta of 0.68. The firm has a 50 day simple moving average of $140.45 and a two-hundred day simple moving average of $128.42.

Atmos Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.87 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, November 25th. Atmos Energy’s payout ratio is 46.87%.

Wall Street Analyst Weigh In

Several analysts recently commented on ATO shares. JPMorgan Chase & Co. raised their price objective on Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group began coverage on Atmos Energy in a research report on Wednesday, October 2nd. They set a “hold” rating and a $155.00 price target on the stock. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. 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 research note on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price target on Atmos Energy from $128.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.94.

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.