SteelPeak Wealth LLC Cuts Stock Position in Atmos Energy Co. (NYSE:ATO)

SteelPeak Wealth LLC lowered its position in shares of Atmos Energy Co. (NYSE:ATO - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,663 shares of the utilities provider's stock after selling 5,853 shares during the quarter. SteelPeak Wealth LLC's holdings in Atmos Energy were worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC grew its holdings in Atmos Energy by 1,542.9% during the third 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 period. ST Germain D J Co. Inc. grew its stake in shares of Atmos Energy by 50.0% during the 4th quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider's stock worth $42,000 after acquiring an additional 100 shares during the period. PFS Partners LLC purchased a new stake in Atmos Energy in the 3rd quarter worth about $69,000. GAMMA Investing LLC raised its stake in Atmos Energy by 17.9% in the 3rd quarter. GAMMA Investing LLC now owns 917 shares of the utilities provider's stock valued at $127,000 after acquiring an additional 139 shares during the period. Finally, Allworth Financial LP lifted its holdings in Atmos Energy by 50.8% during the third quarter. Allworth Financial LP now owns 992 shares of the utilities provider's stock valued at $138,000 after purchasing an additional 334 shares during the last quarter. Institutional investors own 90.17% of the company's stock.

Insider Activity

In related news, Director Edward Geiser bought 2,500 shares of the business's stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $144.89 per share, with a total value of $362,225.00. Following the transaction, the director now owns 2,602 shares in the company, valued at approximately $377,003.78. This trade represents a 2,450.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.48% of the company's stock.

Atmos Energy Trading Up 1.2 %

Shares of ATO traded up $1.69 during trading hours on Thursday, reaching $142.72. 643,761 shares of the company traded hands, compared to its average volume of 889,003. Atmos Energy Co. has a 12 month low of $110.46 and a 12 month high of $152.65. The company has a market capitalization of $22.18 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The company's fifty day moving average price is $142.16 and its two-hundred day moving average price is $137.44. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 25th were given a $0.87 dividend. This is a boost from Atmos Energy's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Monday, November 25th. Atmos Energy's payout ratio is currently 50.66%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATO. Wells Fargo & Company boosted their price target on shares of Atmos Energy from $145.00 to $156.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Morgan Stanley dropped their price objective on Atmos Energy from $145.00 to $143.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. LADENBURG THALM/SH SH increased their price objective on Atmos Energy from $144.00 to $150.50 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Atmos Energy from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, Argus raised Atmos Energy from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a research note on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.75.

Atmos Energy Company 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.