Atmos Energy Co. (NYSE:ATO) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its stake in shares of Atmos Energy Co. (NYSE:ATO) by 112.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,354 shares of the utilities provider’s stock after acquiring an additional 1,777 shares during the period. Larson Financial Group LLC’s holdings in Atmos Energy were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $37,000. PFS Partners LLC acquired a new stake in Atmos Energy during the third quarter valued at $69,000. GAMMA Investing LLC increased its holdings in Atmos Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock valued at $91,000 after buying an additional 335 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Atmos Energy by 158.3% in the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 611 shares during the period. Finally, Lummis Asset Management LP boosted its stake in shares of Atmos Energy by 50.0% during the 2nd quarter. Lummis Asset Management LP now owns 1,128 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 376 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Stock Up 0.6 %

Shares of ATO opened at $150.13 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.65. The firm has a market cap of $23.33 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.68. The company’s 50-day moving average price is $141.02 and its 200 day moving average price is $128.90. Atmos Energy Co. has a 12-month low of $110.46 and a 12-month high of $151.24.

Atmos Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be given a dividend of $0.87 per share. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, November 25th. Atmos Energy’s dividend payout ratio is currently 46.87%.

Insider Activity

In other Atmos Energy news, Director Edward Geiser purchased 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $144.89 per share, with a total value of $362,225.00. Following the completion of the acquisition, the director now directly owns 2,602 shares of the company’s stock, valued at $377,003.78. This trade represents a 2,450.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATO. Barclays increased their price target on Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. LADENBURG THALM/SH SH boosted their price target on shares of Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Morgan Stanley cut their target price on shares of Atmos Energy from $145.00 to $143.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Jefferies Financial Group initiated coverage on shares of Atmos Energy in a research report on Wednesday, October 2nd. They set a “hold” rating and a $155.00 price target for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Atmos Energy has a consensus rating of “Moderate Buy” and a consensus price target of $144.31.

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.