SG Americas Securities LLC Has $4.60 Million Stake in Atmos Energy Corporation $ATO

SG Americas Securities LLC grew its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 206.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 26,925 shares of the utilities provider’s stock after purchasing an additional 18,148 shares during the period. SG Americas Securities LLC’s holdings in Atmos Energy were worth $4,597,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. HB Wealth Management LLC grew its holdings in Atmos Energy by 9.4% during the third quarter. HB Wealth Management LLC now owns 4,479 shares of the utilities provider’s stock worth $765,000 after buying an additional 384 shares in the last quarter. Castellan Group boosted its holdings in Atmos Energy by 2.0% during the 3rd quarter. Castellan Group now owns 22,780 shares of the utilities provider’s stock worth $3,890,000 after acquiring an additional 443 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Atmos Energy in the 3rd quarter worth $1,884,000. Asset Advisors Investment Management LLC raised its holdings in shares of Atmos Energy by 78.7% in the third quarter. Asset Advisors Investment Management LLC now owns 22,287 shares of the utilities provider’s stock valued at $3,806,000 after purchasing an additional 9,812 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Atmos Energy by 30.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 279 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sean Donohue sold 450 shares of Atmos Energy stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $171.15, for a total value of $77,017.50. Following the completion of the transaction, the director owned 877 shares in the company, valued at $150,098.55. This trade represents a 33.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATO shares. UBS Group upped their price objective on shares of Atmos Energy from $159.00 to $174.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. TD Cowen raised Atmos Energy to a “hold” rating in a report on Wednesday, October 15th. Barclays set a $175.00 price target on Atmos Energy in a report on Thursday, October 9th. Mizuho boosted their price objective on Atmos Energy from $170.00 to $180.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Argus set a $172.00 target price on Atmos Energy in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $172.22.

Atmos Energy Price Performance

Atmos Energy stock opened at $166.69 on Monday. The business’s 50 day simple moving average is $171.24 and its 200 day simple moving average is $166.86. Atmos Energy Corporation has a 12 month low of $136.64 and a 12 month high of $180.65. The company has a market cap of $26.96 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.59 and a beta of 0.77. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 0.66.

Atmos Energy (NYSE:ATO) last released its earnings results on Friday, November 14th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter. Atmos Energy had a return on equity of 9.07% and a net margin of 25.49%.The business had revenue of $737.48 million during the quarter. Sell-side analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Monday, November 24th. Atmos Energy’s payout ratio is currently 53.40%.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.