Angeles Investment Advisors LLC Sells 540 Shares of Atmos Energy Co. (NYSE:ATO)

Angeles Investment Advisors LLC cut its position in shares of Atmos Energy Co. (NYSE:ATO) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,660 shares of the utilities provider’s stock after selling 540 shares during the period. Angeles Investment Advisors LLC’s holdings in Atmos Energy were worth $508,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ATO. Innealta Capital LLC acquired a new position in shares of Atmos Energy in the 2nd quarter valued at $37,000. PFS Partners LLC acquired a new stake in Atmos Energy during the third quarter valued at approximately $69,000. GAMMA Investing LLC grew its stake in shares of Atmos Energy by 75.6% in the 2nd quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 335 shares during the period. Covestor Ltd lifted its position in shares of Atmos Energy by 248.5% during the 1st quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock worth $96,000 after buying an additional 574 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Atmos Energy by 158.3% in the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 611 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Atmos Energy

In other news, Director Edward Geiser acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $144.89 per share, for a total transaction of $362,225.00. Following the completion of the acquisition, the director now owns 2,602 shares in the company, valued at $377,003.78. This trade represents a 2,400.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Atmos Energy Trading Up 0.0 %

ATO traded up $0.05 during trading on Wednesday, reaching $146.87. 20,913 shares of the company’s stock were exchanged, compared to its average volume of 871,072. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.73. Atmos Energy Co. has a fifty-two week low of $110.46 and a fifty-two week high of $148.39. The company’s fifty day moving average price is $138.90 and its 200-day moving average price is $127.33. The firm has a market capitalization of $22.80 billion, a PE ratio of 21.38, a P/E/G ratio of 2.92 and a beta of 0.68.

Atmos Energy Increases Dividend

The business also recently announced 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 positive change from Atmos Energy’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, November 25th. Atmos Energy’s payout ratio is presently 46.87%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Atmos Energy from $145.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on Atmos Energy from $128.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Barclays lifted their price objective on Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. LADENBURG THALM/SH SH raised their target price on Atmos Energy from $144.00 to $150.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. 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 on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.94.

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.