Tyche Wealth Partners LLC Sells 5,969 Shares of Atmos Energy Corporation (NYSE:ATO)

Tyche Wealth Partners LLC cut its position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 54.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,977 shares of the utilities provider's stock after selling 5,969 shares during the quarter. Tyche Wealth Partners LLC's holdings in Atmos Energy were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC bought a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its position in shares of Atmos Energy by 72.5% during the fourth 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 in the last quarter. Cary Street Partners Financial LLC bought a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $37,000. Golden State Wealth Management LLC boosted its position in shares of Atmos Energy by 379.7% during the first 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 in the last quarter. Finally, South Plains Financial Inc. bought a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $51,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Trading Up 0.1%

Shares of NYSE:ATO opened at $156.53 on Wednesday. The company has a market cap of $24.86 billion, a P/E ratio of 21.74, a PEG ratio of 3.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.33 and a quick ratio of 1.25. Atmos Energy Corporation has a 1 year low of $113.46 and a 1 year high of $167.45. The stock's fifty day moving average price is $156.38 and its 200-day moving average price is $149.18.

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

Atmos Energy Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Tuesday, May 27th. Atmos Energy's payout ratio is 48.33%.

Insiders Place Their Bets

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $150.98, for a total value of $2,264,700.00. Following the completion of the sale, the director now owns 172,632 shares in the company, valued at $26,063,979.36. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen raised Atmos Energy from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Wolfe Research assumed coverage on Atmos Energy in a report on Monday, March 31st. They issued a "peer perform" rating on the stock. Citigroup boosted their target price on Atmos Energy from $148.00 to $163.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Morgan Stanley set a $156.00 target price on Atmos Energy and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. boosted their target price on Atmos Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Six investment 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $156.05.

About Atmos Energy

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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