5,430 Shares in Atmos Energy Co. (NYSE:ATO) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new stake in shares of Atmos Energy Co. (NYSE:ATO) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,430 shares of the utilities provider’s stock, valued at approximately $629,000.

Several other hedge funds also recently bought and sold shares of ATO. Portside Wealth Group LLC raised its stake in Atmos Energy by 3.8% during the fourth quarter. Portside Wealth Group LLC now owns 2,462 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 91 shares during the period. Syntax Advisors LLC raised its holdings in Atmos Energy by 3.6% in the third quarter. Syntax Advisors LLC now owns 2,876 shares of the utilities provider’s stock valued at $305,000 after buying an additional 101 shares during the period. D.A. Davidson & CO. lifted its position in 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 buying an additional 103 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Atmos Energy by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,224 shares of the utilities provider’s stock worth $634,000 after buying an additional 103 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in shares of Atmos Energy by 0.9% in the first quarter. Segall Bryant & Hamill LLC now owns 11,354 shares of the utilities provider’s stock worth $1,275,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the transaction, the director now owns 186,339 shares in the company, valued at $21,701,039.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Atmos Energy Stock Down 0.6 %

ATO traded down $0.73 on Wednesday, reaching $112.33. The company’s stock had a trading volume of 973,119 shares, compared to its average volume of 667,676. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. Atmos Energy Co. has a 1 year low of $101.00 and a 1 year high of $125.28. The business’s 50 day moving average is $114.92 and its 200 day moving average is $113.45. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 2.45 and a beta of 0.66.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.01). The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. During the same quarter last year, the company posted $1.91 earnings per share. As a group, research analysts forecast that Atmos Energy Co. will post 6.59 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were given a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy’s dividend payout ratio is 51.11%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays upped their price target on shares of Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. UBS Group began coverage on Atmos Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $124.00 target price for the company. Finally, StockNews.com cut Atmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $124.33.

Atmos Energy 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.