Insider Selling: Atmos Energy Co. (NYSE:ATO) Director Sells 400 Shares of Stock

Atmos Energy Co. (NYSE:ATOGet Free Report) Director Diana J. Walters sold 400 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $118.00, for a total transaction of $47,200.00. Following the transaction, the director now owns 3,551 shares of the company’s stock, valued at approximately $419,018. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Atmos Energy Stock Performance

Shares of ATO stock opened at $118.64 on Friday. Atmos Energy Co. has a 52-week low of $101.00 and a 52-week high of $125.28. The stock’s 50-day moving average price is $116.99 and its 200 day moving average price is $114.89. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $17.90 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.66.

Atmos Energy (NYSE:ATOGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.23. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.54 billion. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. Atmos Energy’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $2.48 EPS. As a group, equities research analysts forecast that Atmos Energy Co. will post 6.75 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a dividend of $0.805 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $3.22 annualized dividend and a yield of 2.71%. Atmos Energy’s dividend payout ratio is currently 48.28%.

Institutional Investors Weigh In On Atmos Energy

Institutional investors have recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP lifted its holdings in shares of Atmos Energy by 984.6% in the 3rd quarter. Baker Avenue Asset Management LP now owns 282 shares of the utilities provider’s stock valued at $30,000 after buying an additional 256 shares during the period. VisionPoint Advisory Group LLC lifted its holdings in Atmos Energy by 107.0% in the third quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 152 shares during the period. Global Retirement Partners LLC boosted its position in shares of Atmos Energy by 57.5% during the 4th quarter. Global Retirement Partners LLC now owns 293 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Atmos Energy by 200.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 288 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 192 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Atmos Energy in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ATO shares. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barclays raised their price objective on shares of Atmos Energy from $121.00 to $129.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. UBS Group began coverage on shares of Atmos Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $124.00 target price for the company. Wells Fargo & Company raised shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $132.00 in a research report on Tuesday, May 14th. Finally, Mizuho lifted their price target on Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.17.

Check Out Our Latest Stock Report on Atmos Energy

Atmos Energy Company Profile

(Get Free Report)

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.

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