Atmos Energy Co. (NYSE:ATO) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lessened its stake in Atmos Energy Co. (NYSE:ATO) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,663 shares of the utilities provider’s stock after selling 5,853 shares during the period. SteelPeak Wealth LLC’s holdings in Atmos Energy were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Dunhill Financial LLC lifted 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 valued at $32,000 after purchasing an additional 216 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Atmos Energy by 50.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock valued at $42,000 after buying an additional 100 shares during the last quarter. PFS Partners LLC acquired a new stake in shares of Atmos Energy in the third quarter valued at approximately $69,000. GAMMA Investing LLC grew its position in shares of Atmos Energy by 17.9% during the third quarter. GAMMA Investing LLC now owns 917 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 139 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Atmos Energy by 50.8% in the 3rd quarter. Allworth Financial LP now owns 992 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 334 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In related news, Director Edward Geiser bought 2,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $144.89 per share, with a total value of $362,225.00. Following the completion of the acquisition, the director now owns 2,602 shares in the company, valued at approximately $377,003.78. This represents a 2,450.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Morgan Stanley lowered their price target on Atmos Energy from $145.00 to $143.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company increased their price objective on Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America began coverage on Atmos Energy in a report on Friday, December 13th. They issued a “buy” rating and a $156.00 target price on the stock. Finally, StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.75.

Atmos Energy Trading Down 0.2 %

NYSE:ATO opened at $141.14 on Thursday. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.82 and a beta of 0.71. Atmos Energy Co. has a 1 year low of $110.46 and a 1 year high of $152.65. The stock has a fifty day moving average price of $142.16 and a two-hundred day moving average price of $137.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 0.94.

Atmos Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were paid a $0.87 dividend. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.48 annualized dividend and a dividend yield of 2.47%. Atmos Energy’s dividend payout ratio (DPR) is 50.66%.

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.