Insider Selling: Atmos Energy Co. (NYSE:ATO) Director Sells $47,200.00 in Stock

Atmos Energy Co. (NYSE:ATOGet Free Report) Director Diana J. Walters sold 400 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $118.00, for a total value of $47,200.00. Following the sale, the director now owns 3,551 shares in the company, valued at $419,018. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Atmos Energy Stock Performance

Shares of ATO opened at $118.64 on Friday. The business has a 50-day simple moving average of $116.99 and a two-hundred day simple moving average of $114.89. The stock has a market cap of $17.90 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.51 and a beta of 0.66. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a 52 week low of $101.00 and a 52 week high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atmos Energy had a net margin of 24.65% and a return on equity of 9.01%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.48 earnings per share. On average, analysts expect that Atmos Energy Co. will post 6.75 EPS for the current year.

Atmos Energy Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Portside Wealth Group LLC lifted its holdings in shares of Atmos Energy by 3.8% in the fourth quarter. Portside Wealth Group LLC now owns 2,462 shares of the utilities provider’s stock worth $285,000 after buying an additional 91 shares in the last quarter. Syntax Advisors LLC boosted its holdings in shares of Atmos Energy by 3.6% during the 3rd quarter. Syntax Advisors LLC now owns 2,876 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 101 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Atmos Energy by 1.0% during the third quarter. D.A. Davidson & CO. now owns 10,338 shares of the utilities provider’s stock valued at $1,095,000 after purchasing an additional 103 shares in the last quarter. TIAA Trust National Association grew its position in shares of Atmos Energy by 2.9% during the first quarter. TIAA Trust National Association now owns 3,612 shares of the utilities provider’s stock valued at $429,000 after purchasing an additional 103 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. increased its holdings in shares of Atmos Energy by 0.4% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 24,285 shares of the utilities provider’s stock worth $2,887,000 after purchasing an additional 105 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Atmos Energy

About Atmos Energy

(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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