Huntington National Bank raised its stake in shares of Atmos Energy Co. (NYSE:ATO – Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,517 shares of the utilities provider’s stock after purchasing an additional 16,861 shares during the quarter. Huntington National Bank’s holdings in Atmos Energy were worth $47,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Innealta Capital LLC purchased a new position in shares of Atmos Energy during the second quarter worth approximately $37,000. PFS Partners LLC purchased a new position in shares of Atmos Energy during the third quarter worth approximately $69,000. GAMMA Investing LLC raised its stake in shares of Atmos Energy by 75.6% during the second quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock worth $91,000 after acquiring an additional 335 shares in the last quarter. Covestor Ltd raised its stake in shares of Atmos Energy by 248.5% during the first quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 574 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Atmos Energy by 158.3% during 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 in the last quarter. 90.17% of the stock is currently owned by institutional investors.
Insider Activity at Atmos Energy
In related news, Director Edward Geiser purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired 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 directly owns 2,602 shares in the company, valued at approximately $377,003.78. The trade was a 2,400.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Atmos Energy
Atmos Energy Stock Performance
NYSE:ATO opened at $146.51 on Thursday. The stock has a market cap of $22.74 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.94 and a beta of 0.68. The firm’s fifty day simple moving average is $139.18 and its 200 day simple moving average is $127.47. Atmos Energy Co. has a twelve month low of $110.46 and a twelve month high of $148.39. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.65.
Atmos Energy Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 25th will be issued a $0.87 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.48 annualized dividend and a yield of 2.38%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s payout ratio is 46.87%.
About Atmos Energy
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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