GSA Capital Partners LLP bought a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,107 shares of the utilities provider’s stock, valued at approximately $1,397,000.
A number of other large investors have also recently added to or reduced their stakes in the company. TFR Capital LLC. bought a new stake in shares of Atmos Energy in the second quarter valued at about $303,000. Clearstead Trust LLC bought a new position in shares of Atmos Energy during the second quarter worth about $820,000. Phillips Financial Management LLC bought a new position in shares of Atmos Energy during the second quarter worth about $2,613,000. Everett Harris & Co. CA bought a new position in shares of Atmos Energy during the second quarter worth about $410,000. Finally, Summit Global Investments acquired a new stake in Atmos Energy in the 2nd quarter valued at approximately $905,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Stock Performance
Shares of ATO stock opened at $169.79 on Monday. The company has a market capitalization of $28.69 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.94 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The company has a 50-day simple moving average of $173.43 and a 200 day simple moving average of $178.24. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy’s dividend payout ratio is presently 47.56%.
Insider Buying and Selling at Atmos Energy
In other news, Director William James Ware bought 300 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the purchase, the director owned 488 shares in the company, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Truist Financial decreased their price objective on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a report on Thursday. Morgan Stanley set a $196.00 target price on shares of Atmos Energy in a report on Wednesday, July 22nd. Mizuho reduced their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average price target of $188.27.
Read Our Latest Research Report on ATO
About Atmos Energy
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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