SteelPeak Wealth LLC Buys 4,418 Shares of Atmos Energy Corporation (NYSE:ATO)

SteelPeak Wealth LLC increased its stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 41.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,081 shares of the utilities provider's stock after buying an additional 4,418 shares during the period. SteelPeak Wealth LLC's holdings in Atmos Energy were worth $2,331,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ATO. First Horizon Advisors Inc. boosted its holdings in Atmos Energy by 191.2% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 109 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Atmos Energy by 72.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 245 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 103 shares during the period. Cary Street Partners Financial LLC bought a new stake in Atmos Energy in the 4th quarter valued at about $37,000. South Plains Financial Inc. bought a new stake in Atmos Energy in the 4th quarter valued at about $51,000. Finally, Golden State Wealth Management LLC boosted its holdings in Atmos Energy by 379.7% in the 1st quarter. Golden State Wealth Management LLC now owns 331 shares of the utilities provider's stock valued at $51,000 after purchasing an additional 262 shares during the period. Institutional investors own 90.17% of the company's stock.

Insider Transactions at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $150.98, for a total value of $2,264,700.00. Following the completion of the transaction, the director directly owned 172,632 shares in the company, valued at approximately $26,063,979.36. This represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

Atmos Energy Trading Down 0.1%

Shares of NYSE ATO opened at $154.26 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.33. Atmos Energy Corporation has a 52-week low of $119.90 and a 52-week high of $167.45. The firm has a 50 day moving average price of $154.83 and a two-hundred day moving average price of $150.30. The stock has a market cap of $24.50 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 2.96 and a beta of 0.70.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. Atmos Energy had a net margin of 25.35% and a return on equity of 9.05%. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the prior year, the company posted $2.85 EPS. The company's revenue was up 18.4% on a year-over-year basis. As a group, equities analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.26%. The ex-dividend date was Tuesday, May 27th. Atmos Energy's dividend payout ratio (DPR) is currently 48.33%.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Atmos Energy from $148.00 to $163.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wall Street Zen raised shares of Atmos Energy from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Barclays cut their price target on shares of Atmos Energy from $156.00 to $153.00 and set an "equal weight" rating for the company in a report on Thursday. Wolfe Research initiated coverage on shares of Atmos Energy in a report on Monday, March 31st. They set a "peer perform" rating for the company. Finally, Morgan Stanley set a $156.00 price target on shares of Atmos Energy and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.95.

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.

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